Smartphone maker Sony Ericsson this morning posted a pre-tax detriment of 247 million euros in a fourth entertain of 2011, after stating a distinction of 31 million euros before taxes in Q3 2011.
The company, a 50:50 joint-venture between Sony and Ericsson, blames “intense competition”, “price erosion” and effects from a flooding in Thailand as some of a categorical drivers for a drop.
Sony will shortly acquire Ericsson’s 50 percent share of Sony Ericsson in a understanding valued during 1.05 billion euros – a transaction is approaching to take place “late Jan to Feb 2012?.
Sony Ericsson’s outrageous detriment in Q4 2011 will impact Ericsson’s handling income with SEK -1.1 b. (125 million euros) in a quarter, a latter association said this morning.
Also read:
Sony Ericsson To Rebrand In 2012, Aims For Top Of The Android Pack
Sony Ericsson CEO: We Should Have Taken The iPhone More Article source: http://techcrunch.com/2012/01/19/oops-sony-ericsson-swings-to-a-247-million-euro-loss-in-q4-2011/
