The Sony Walkman sure has longevity. SonyEricsson reported that second-quarter net profit nearly doubled mainly because of the strong sales of its Walkman-branded music phones. The company increased its global market forecast for the year by 50 million units to 950 million units as the market exceeded expectations. CEO Miles Flint said around 25 percent of the 15.7 million handsets it sold in the quarter were Walkman-branded handsets. The company has now sold 10 million Walkman-branded handsets since their introduction. Sony Ericsson said net profit rose 91 percent to €143 million ($181.6 million) from €75 million in the same quarter a year earlier.
To read more about SonyEricsson's second-quarter results:
- take a look at this report from The Wall Street Journal (sub. req.)