Losses for Sony Ericsson during 2008

Swedish –Japanese mobile phone giant Sony Ericsson reported a loss of 133 million euro from last year’s fourth quarter. The loss was twice as high as predicted.  In the same period in 2007 Sony Ericsson recorded a profit of 501 million euro.

There was also a significant drop in sales figures in 2008, compared to the previous year. Sony Ericsson blames on the slump in the world economy. Christmas sales were especially disappointing.

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