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Record profits for Sony Ericsson

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09:55 CET+01:00
Mobile phone maker Sony Ericsson has released results showing it enjoyed a record year in 2005, thanks largely to the success of its new Walkman phone range.

Pre-tax profits at the Swedish-Japanese company were €514 million for 2005, compared with €486 million the year before.

The company said much of the growth was due to a particularly successful second half. It said in a statement that overall worldwide sales of mobile phones grew during 2005, and that its growth was in line with the market.

"This was another solid quarter for Sony Ericsson, and has enabled us to finish the year with great momentum," said Miles Flint, Sony Ericsson's president.

Shipments of Sony Ericsson cell phones reached 16.1 million units in the last quarter, compared to 12.6 million in the same period last year and 13.8 million in the third quarter. Over the whole year the company shipped 51.2 million units, up from 42.3 million last year.

Much of the success in the past six months has been due to the launch of new phone models with cameras and MP3 players. The company said that its Walkman branded phones had been particularly successful.

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