Sony Ericsson posts Q3 net profit

Mobile phone maker Sony Ericsson reported a third consecutive net profit in the third quarter, mainly thanks to continued success with its smartphones as well as new product launches.

Friday's report showed a profit of (EURO)49 million ($70 million) in the quarter, compared with a previous loss of (EURO)164 million. It was the company's third straight quarter that was in the black since the second quarter of 2008.

Revenues however were down slightly, coming in at (EURO)1.6 billion from (EURO)1.62.

Read Full Article from BusinessWeek

- Posted: 2010-10-15 23:16:23

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