Android-based handsets boost Sony Ericsson profits
Sony Ericsson has shown a profit for the second quarter in a row, spurred by the launch of its Android-based Xperia X10 and cost-cutting moves that reduced its workforce by a third.
In its second-quarter financial results, released last Friday, the mobile hardware maker reported a net profit for the quarter of 12 million euros (US$15.5 million), significantly better than the 213 million euros (US$275.6 million) loss posted a year previously and building on its return to profit showed in its first-quarter net income of 21 million euros (US$27.2 million).
The company, a joint venture between Sony and Ericsson, achieved a modest increase in handsets shipped in comparison to the previous quarter, up from 10.5 million to 11 million, although the figure is a drop on the 13.8 million seen in the same period in 2009.
Read more of "Sony Ericsson profit boosted by Android handset" at ZDNet UK.