Sony Ericsson Mobile Phone Sales Slip
Tuesday 25 Mar 2008
Sony Ericsson Sales SlowSony Ericsson have admitted that quarter 1 results may show that profits have more than halved since sales of its feature-rich music phones have slowed down. The company has been experiencing a shortage of key components in recent times.
Sony Ericsson revealed in its 2007 annual financial report (published March 2008) that "strategy has been effective and should not be changed. With shares down 8%, shares in Sony Ericsson have lost over 66% of their value in the last six months. Many analysts put the share's decline down to a lack of growth in sales of mid-market and high-end mobile phones.