Sony Ericsson: 9% market share, profit down 17%

Sony Ericsson saw a 17 percent drop in profit during its fourth quarter because of higher costs and taxes, despite a higher number of phones shipped. The company earned $555 million during the last few months of 2007, and sales remained nearly unchanged at about $5.61 billion. The handset maker shipped 18 percent more phones in the quarter, but operating costs jumped 16.2 percent to $1.8 billion. The company estimated that the global handset market increased to 1.1 billion units last year, which means Sony Ericsson attained 2 percent more of the market for a 9 percent global market share.

For more on Sony Ericsson's Q4:
- read this article from the New York Times

Suggested Articles

It looks as though the T-Mobile/Sprint merger could cross the finish line as early as tomorrow.

In addition to the field employees who are working to maintain broadband connections, Verizon is also offering pay increases to retail employees.

The order sets a deadline of June 30, 2021.