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Friday, 15 July 2011 - Sony Ericsson makes surprise quarterly loss, hit by Japan |
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    Read more with google mobile : Sony Ericsson makes surprise quarterly loss, hit by Japan |

    Edition: U.S. Article Comments (0) Technology Apple pays user compensation over iPhone tracking Amazon plans new Android tablet for this fall Netflix price hike draws user ire, investor glee Twitter gears up auto-ads for big clients: sources No link seen between cellphones, brain tumor Royalty payments dog Pandora co-founder Apple's chief patent lawyer leaving: sources Alibaba.com in deal with Western Union for AliExpress SAP attacks $1.3 billion Oracle verdict at hearing Sony: Our tablets are coming . . . eventually Follow Reuters Facebook Twitter RSS YouTube Read Black men survive longer in prison than out: study 14 Jul 2011 Do tea, coffee drinkers have lower risk of MRSA superbug? 14 Jul 2011 Pentagon to treat cyberspace as "operational domain" 14 Jul 2011 Apple pays S.Korean user compensation over iPhone tracking 14 Jul 2011 WRAPUP 2-Obama pauses U.S. debt talks, lawmakers weigh options 2:15am EDT Discussed 121 Obama, lawmakers meet for 75 minutes on debt impasse 100 Obama and lawmakers regroup to seek debt deal 98 WRAPUP 1-Taxes still a stumbling block in U.S. debt talks Watched Flying sphere goes where man fears to tread Thu, Jul 14 2011 Mexico's largest marijuana farm 9:23am EDT Last spacewalk of NASA's space shuttle program Tue, Jul 12 2011 Sony Ericsson makes surprise quarterly loss, hit by Japan Tweet Share this Email Print Related News RPT-Sony Ericsson makes surprise Q2 loss, hit by Japan 2:43am EDT Fresh blow for Nokia as NSN stake sale abandoned Wed, Jul 13 2011 Samsung, HTC, Apple to show Q2 cellphone gains Wed, Jul 13 2011 Samsung quarterly profit falls as weak LCDs overshadow mobiles Thu, Jul 7 2011 UPDATE 1-Canada may seek to review sale of Nortel patents Wed, Jul 6 2011 Analysis & Opinion Sony: Our tablets are coming… eventually Tech wrap: Apple, Fox News hacked Related Topics Technology » Media » A Sony-Ericsson Xperia Play is displayed at the GSMA Mobile World Congress in Barcelona, February 14, 2011. The GSMA Mobile World Congress, representing the interests of the worldwide mobile communications industry, will take place from February 14 to February 17 in Barcelona. Credit: Reuters/Albert Gea STOCKHOLM/HELSINKI | Fri Jul 15, 2011 3:22am EDT STOCKHOLM/HELSINKI (Reuters) - Mobile phone maker Sony Ericsson posted a surprise second-quarter loss on Friday as the March 11 earthquake and tsunami in Japan weighed more on its earnings than the market had expected. "We estimate that the impact of earthquake-related supply chain constraints on our portfolio was close to 1.5 million units, with most of the effect in the early part of the quarter," Chief Executive Bert Nordberg said in a statement. Sony Ericsson, owned 50-50 by Ericsson and Sony Corp, posted a pretax loss of 42 million euros ($59.5 million), compared with analysts' average forecast for a 4.9 million profit in a Reuters poll. The venture sold just 7.6 million phones in the quarter, missing all forecasts which ranged from 8 million to 11 million. Sony Ericsson -- formed in 2001 -- thrived after its breakthrough with Walkman music phones and Cybershot cameraphones, but it subsequently lost out to leaner rivals at the cheaper end and its share of total handset sales dropped below 3 percent from more than 9 percent at its height. Sony Ericsson has slashed costs -- including cutting around 4,000 jobs -- and refocused on higher-margin smartphones that link to social networking sites like Facebook. The share of smartphones in its sales rose to more than 70 percent from only 40 percent at the end of 2010. Samsung Electronics and HTC are predicted by analysts to be the big winners in the global cellphone market in the second quarter, benefiting from demand for their smartphones running Google's software. ($1=.7054 Euros) (Editing by David Holmes) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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