Friday, October 12, 2007

Move to Cheaper Handsets Pares Sony Ericsson Profit (E-Commerce Times)

Sony Ericsson posted quarterly results that show it continues to gain market share against some competitors but is doing so at the expense of its bottom line. The fourth-largest handset maker posted its first year-over-year profit drop in two years, saying third quarter net earnings fell 10 percent to about $379 million. Revenue was up 6.7 percent to about $4.4 billion.

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[Source: Yahoo! News Search Results for sony ericsson]