Sony Ericsson Mobile Communications AB announced today that its net sales and net income before taxes in the second quarter of 2008 continue to be negatively affected by moderating demand of mid-to-high end mobile phones, in combination with a delay of new products shipped during the quarter.
Although final results may differ, Sony Ericsson plans to ship approximately 24 million phones during the second quarter of 2008 with an estimated ASP (Average Selling Price) of EUR 115 (US$180). Gross margin is expected to decline both year over year and sequentially. Net income before taxes is estimated to be about break-even.
Sony Ericsson plans to announce the second quarter 2008 financial results on July 18 at 7:30 am UK time/8:30 am CET.
Source: Sony Ericsson Mobile Communications AB