Android-based handsets boost Sony Ericsson profits

The mobile hardware maker has turned a profit for the second quarter in a row, boosted by Xperia sales and cost-cutting that saw thousands of job losses.
Written by Ben Woods, Contributor

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.

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