Sony Ericsson buoys Sony's year-end results

Sony Ericsson ended up being the shining star in parent company Sony's year-end 2006 financial report: The JV posted stellar growth of 47 percent in revenues and a 139 percent increase in income before taxes. Sony Ericsson contributed $167 million in net income to Sony's equity thanks to strong sales of its Walkman and Cyber-shot handsets. According to Sony's financial summary: Sony Ericsson's sales and operating revenue was up 49 percent in 2007 over the year ago results: €7.97 million for 2006 compared to €11.89 million in 2007. Net income for Sony Ericsson was €427 million in 2006 compared to €1.14 billion in 2007.

For more on Sony Ericsson's 2006 fiscal performance:
- see this write-up from the company (.pdf)


Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.