Thursday, July 16, 2009

Q2 2009 results = bad

Sony Ericsson has posted the Q2 2009 financial results. While they are bad with a net income of negative 213 million euro, they aren't as bad as the last quarters -293 million euro. SE is continuing a cost savings program it started in mid 2008 that is to finish in mid 2010 that will save €880 million in operating expenses. The W995 is doing well worldwide and with the release of Aino, Satio, and Yari by early Q4, SE should have a better Q3 and Q4.


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