EE Times
(01/18/2006 11:18 AM EST)
MANHASSET, N.Y. — Sweden-based mobile phone supplier Sony Ericsson reported fourth-quarter 2005 earnings of $174.3 million on sales of $2.8 billion, compared to $66.6 million on sales of $2.4 billion in the year-ago quarter.
Fourth-quarter shipments reached 16.1 million, 28 percent greater than a year ago and 17 percent sequentially. The company reported strong second-half 2005 sales of music phones.
For 2005, Sony Ericsson earned $430.9 million on sales of $8.8 billion, up from $382.5 million on sales of $7.9 billion in 2004.
During the fourth quarter, Sony Ericsson announced a $14 million investment to purchase a controlling 64.5 percent stake in Beijing Suohong Electronics Co. Ltd (BSE) from Sony China, to strengthen its in-house manufacturing processes. Sony Ericsson's majority ownership in BSE will be consolidated into Sony Ericsson from the first quarter of 2006.
"This was another solid quarter for Sony Ericsson, and has enabled us to finish the year with great momentum," said Miles Flint, president of Sony Ericsson, in a statement. "We are now seeing the benefit of our earlier investments in R&D which have enabled us to expand the product line-up and successfully appeal to new consumers with products like the Walkman phone series."
|
RSS
RSS| 
Digital| 
Mobile
