Sony Ericsson reports surge in net income

Handset vendor Sony Ericsson announced net income for the first quarter of 2006 more than tripled to $131.8 million compared with $38.7 in the same period last year. The company said it shipped 13.3 million phones during the quarter, a 41 percent increase over the same period last year. And there's more good news for investors and analysts. Like Nokia, Sony Ericsson reported that the average selling price of its handsets increased to $180, compared with $174 in the fourth quarter. Sony Ericsson's results have been powered by the success of its Walkman music phone, building on Sony's famous portable music player brand as well as new camera phones.

To read more about Sony Ericsson's results:
- take a look at this article from IDG News Service