Sony Ericsson's Q4 financial results Options

[Mizzle]

Sony Ericsson has just announced its financial results for the fourth quarter of 2008. It seems the overall mobile market is contracting due to the global economic slowdown. You can find the results below.

- In economic terms, 2008 has been a tumultuous year with world markets experiencing a serious downturn.  The mobile phone market has been greatly affected by this and as expected, the fourth quarter continued to be very challenging for Sony Ericsson.  Our business alignment is progressing as planned, with the full effect of annual savings of around Euro 300 million expected by the second half of 2009. We foresee a continued deterioration in the market place in 2009, particularly in the first half," said Dick Komiyama, President, Sony Ericsson.

It doesn't look good, but according to Sony Ericsson's President, Dick Komiyama, they'll focus a lot more on high-end phones in 2009. Especially the C905 and X1 have sold well, and positively impacted the business.

For more details please see the issued press release.

From the Unofficial Sony Ericsson Blog:
http://blog.se-nse.net/sony-ericssons-q4-financial-results/.

[MikLSP]

Concerning figures tbh but hopefully this will kick them back to the good days of producing fewer quality devices instead of wasting time and money pumping out variants which are all much of a muchness and don't stand out.