Sony Ericsson net triples to $579 mn on record sales
By Agencies |
Highlights
STOCKHOLM: Mobile phone maker Sony Ericsson said its net profit more than tripled in the fourth quarter, as record sales of its high-end handsets helped it gain market shares.
The company said net profit came in at e447 million ($579 million) in the three months ending December 31, 2006, up from e144 million for the same period in 2005. Sales volumes of Sony Ericsson���s handsets soared 61% to 26 million units thanks to a continued high demand for its music and camera brands Walkman and Cyber-Shot, the company said.
Total sales came in at e3.78 billion ($4.9 billion), up 64% from 2005, as its closely watched average selling price per handset was higher than expected because of the strong demand for its high-end phones, the company said.
���The fourth quarter saw Sony Ericsson finish a strong year with record volumes, sales and net income due to the soaring popularity of our imaging and music phones,��� Sony Ericsson president Miles Flint said.
The London-based company, a joint venture of Japan���s Sony and Sweden���s LM Ericsson, said it gained market shares of about 2% globally for the quarter, to about 9% of the total market, with especially strong growth in Latin America and the Asia Pacific region.
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���Our target is to become one of the top three players in the industry, and the momentum we established in 2006 makes this an achievable ambition,��� Mr Flint said.Download
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