Sony Ericsson issues warning on second quarter results

0 Comments | AFP, June, 2008

STOCKHOLM (AFP) — Mobile phone maker Sony Ericsson warned Friday that its second-quarter results would be dented by a difficult commercial environment.

"Difficult market conditions are going to have a (negative) impact on sales and profits in the second quarter," the group said in a statement.

Sony Ericsson said it was likely to have sold 24 million phones in the April-June period, up from 22.3 million in the first quarter, but at an average price of 115 euros (181 dollars) rather than 121 euros.

The group has for the past year has been trying to develop its business on emerging markets in order to reduce dependence on its traditional European outlets.

Sony Ericsson, which is not quoted on the stock market, was formed through the merger of Ericsson...