“The company shipped just 13.8 million phones this quarter, dropping 43 percent compared to one year earlier; the number was also a 5 percent shrink from already weak performance in the winter,” Electronista reports. “Accordingly, the company swung from a roughly $8.5 million profit in spring 2008 to a $300.5 million loss in 2009.”
Electronista reports, “Most of the company’s recent declines have come through a combination of a virtual absence of smartphones as well as a chronic problem with product overlap that has resulted in multiple similar phones that do little to stand out in the market or from each other.”
Full article here.
MacDailyNews Take: Sony Ericsson’s future is so bright that their executives have all taken to wearing head-mounted klieg lights.