Sony Ericsson posts more grim figures

The newly published report shows that in the three months to June 30 this year, Sony Ericsson shipped 13.8 million handsets, down a whopping 43 per cent on the same period last year and five per cent down on Q1 this year.

Revenues too are spectacularly lower. At €1.68 billion they are 40 per cent adrift from the same quarter in 2008. Stating the blatantly obvious, the company says the fall is due to "challenging market conditions" in all regions in general and in Latin America in particular.

And as sales flag, Sony Ericsson's losses continue to mount. Q2's operating loss totaled €274 million. It was €369 million in Q1 2009 and just €2 million in Q2, 2008. The company also reports a net loss of €213 million. The company lost €293 million in Q1 and last managed to turn a small (€6 million) net profit way back in Q2, 2008.