“Sony Ericsson today reported first quarter results that warned of a steep drop in phone shipments and increasing losses that will push the company to further scale back its operations. The company says it shipped only 14.5 million phones between January and March, or about 35 percent less than it did during the same span a year ago and 40 percent less than the holiday season in late 2008. The sharp decline has also widened Sony Ericsson’s net losses to the equivalent of $382.4 million (versus a $173.6 million income for early 2008),” Electronista reports.
“In the wake of the news, Sony Ericsson also says it will cut an addition 2,000 jobs beyond the 2,000 already announced last year,” Electronista reports.
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