Sony Ericsson stems -- but doesn't stop -- losses in fourth quarter
By Chris Ziegler 
posted January 22nd 2010 12:29PM
posted January 22nd 2010 12:29PM
Sony Ericsson still has a hell of a trek to get back on its feet, but by all appearances, it's taking baby steps toward that goal on news of its fourth quarter '09 earnings. The joint venture did €1.75 billion (about $2.47 billion) in sales in the most recent reported quarter -- an improvement of €131 million over the quarter prior -- and posted an operating margin of -2 percent, an improvement of 10 percent against the third quarter and the closest Sony Ericsson has come to turning a profit since 2008. Here's the problem, though: that operating margin reflects data before €150 million in restructuring charges. Once you factor that little problem into the equation, its net income is actually just as bad as it had been earlier in '09. So yeah, a mixture of good and bad news; maybe this X10 can make a dent, eh?
It might make a dent but only IF it's ever released. The fact that Rogers and NTT DoCoMo are signed up to get it doesn't do anything for me.
Who?