Sony Ericsson posts substantial losses

e14news — Thu, 07 Oct 2021 10:40:48 GMT

Current Revision posted to Documents by e14news on 10/7/2021 10:40:48 AM
Sony Ericsson has posted a loss of €50 million for the quarter ending June 30th due to supply chain disruptions, wireless communication device manufacturers may be interested to learn.

According to the firm, the massive earthquake and tsunami in Japan has disrupted its supply chain, thereby affecting phone sales.

Sony Ericsson sold 7.1 million mobile phone devices in the second quarter, a 31 per cent drop in sales when compared to the same period in 2010.

"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," Bert Nordberg, Sony Ericsson chief executive officer, commented.

He added: "We have introduced eight new Xperia smartphones this year and we continue to see strong consumer and operator demand across the Xperia smartphone portfolio."

Sony Ericsson is the sixth largest phone manufacturer in the world.

Posted by Simon Jones