Sony Ericsson has announced its fourth quarter and full year 2011 results just now and there is a huge loss on paper for the company, which is soon going to become Sony. According to the issued press release, Sony Ericsson accrued 207 million euro loss in last quarter, while the full year loss was 247 million euro.
Company has blamed s intense competition, price erosion and restructuring charges for these poor results.
“Our fourth quarter results reflected intense competition, unfavorable macroeconomic conditions and the effects of a natural disaster in Thailand this quarter. We are aligning our business to drive profitability and to meet customer needs. In spite of these challenges, throughout 2011 we’ve shifted our business from feature phones to smartphones and our Android-based smartphone sales in the quarter increased by 65% year-on-year. The Xperia portfolio, including the recently announced Xperia NXT series, will serve as a cornerstone of our smartphone lineup in 2012.”
– Bert Nordberg, President and CEO of Sony Ericsson
- 65% year-on-year increase in Android-based Xperia smartphone quarterly sales
- 28 million Xperia smartphones shipped to date