Camera phone sales bolster Sony Ericsson in 2Q

15 Jul 2004

UK-based handset maker Sony Ericsson reported higher-than-expected profits for the three months to 30 June 2004 on the strength of rising demand for its camera phones, and revised up its global handset sales forecast for the year. The manufacturer posted a pre-tax profit of EUR113 million in the second quarter of 2004, compared to a loss of EUR102 million for the corresponding year-ago period. Sales rose strongly to EUR1.5 billion, from EUR1.1 billion previously, buoyed by global demand for mobile phones, helping the company outperform analyst expectations of EUR1.4 billion. Sony Ericsson, which is currently the fifth largest handset manufacturer in the world, said it shipped 10.4 million units between April and June. It plans to unveil a range of new phones today, with many predicting that it will announce a successor to its successful Z1010 3G phone.

Japan, Sweden, United Kingdom