Mobile phone maker Sony Ericsson admits it sees "challenging" market conditions through 2008, but analysts say any turnaround might not happen until 2010.
Sony Ericsson reports second quarter results18 July 2008
Q2 Highlights:
Break even results amid challenging market conditions and increased competition
Announcement of Open Mobile Software platform and Symbian Foundation
R&D investment continues
Alignment of operations to help restore profitable growth
London, UK - The consolidated financial summary for Sony Ericsson Mobile Communications AB (Sony Ericsson) for the second quarter ended June 30, 2008 is as follows:
Q2 2007 Q1 2008 Q2 2008
Number of units shipped (million) 24.9 22.3 24.4
Sales (Euro m.) 3,112 2,702 2,820
Gross margin (%) 29.6% 29.2% 23.1%
Operating income (Euro m.) 315 184 -2
Operating margin (%) 10.1% 6.8% -0.1%
Income before taxes (Euro m.) 327 193 8
Net income (Euro m.) 220 133 6
Average selling price (Euro) 125 121 116
