Sony Ericsson issues warning on second quarter results
AFP · 27 Jun 2008, 15:22
Published: 27 Jun 2008 15:22 GMT+02:00
"Difficult market conditions are going to have a (negative) impact on sales and profits in the second quarter," the group said in a statement.
Sony Ericsson said it was likely to have sold 24 million phones in the April-June period, up from 22.3 million in the first quarter, but at an average price of €115 ($181) rather than €121.
The group has for the past year has been trying to develop its business on emerging markets in order to reduce dependence on its traditional European outlets.
Sony Ericsson, which is not quoted on the stock market, was formed through the merger of Ericsson of Sweden, world leader in mobile phone networks, and Japanese electronics giant Sony.