Sony Ericsson records €50m loss
Saturday 16 July 2011
The mobile phone maker Sony Ericsson has posted a quarterly loss following disruption to its supply chain caused by the Japanese earthquake and tsunami.
The Swedish-Japanese joint venture, which is headquartered in London, revealed a €50m (£44m) loss for the three months to 30 June, compared with profits of €12m a year ago.
The company said the earthquake on 11 March disrupted its supply chain, with mobile phone shipments down 31 per cent to 7.6 million units.
Its chief executive, Bert Nordberg, said: "We estimate that the impact of earthquake-related supply-chain constraints on our portfolio was close to 1.5 million units, with most of the effect in the early part of the quarter." Smartphones accounted for 70 per cent of sales in the quarter.
Nelson Mandela memorial sign language interpreter was a 'fake'
The ten coldest places on Earth
Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Nelson Mandela memorial: Cheers, jeers and a masterclass from Barack Obama that stole the show
- 1 Nelson Mandela memorial sign language interpreter was a 'fake'
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 4 Exeter to Edinburgh and back in a day: How one fresher's lost bet left him facing a 900-mile round trip
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
- < Previous
- Next >
iJobs Money & Business
£600 - £750 per day: Cornwallis Elt : SENIOR PROJECT MANAGER- HR- ORACLE- ASS...
£45000 - £55000 per annum + Training and Benefits : Harrington Starr: A leadin...
£59999 - £80001 per annum + Benefits: Pro-Recruitment Group: Senior Manager in...
attractive: Citifocus: Highly prestigious Investment Management house based in...