Quarter 2, 2008 Handset Roundup for Nokia and Sony Ericsson
The second quarter of 2008 was a good one for the No.1 mobile manufacturer Nokia as it reported a net operating profit of Euro 1.474 billion. Whereas Sony Ericsson seems to be going through trouble times days as it reported a break even during the second quarter of 2008.
The profit figure for Nokia during the Quarter 2 of 2008 was greater than profit figure posted during the Quarter 2 of 2007. There was also an increase of 4% in net sales during the Quarter 2 of 2008 when compared to net sales in Quarter 1 of 2008 and Quarter 2 of 2007. Overall market share during the Quarter 2 of 2008 was up 40% as compared to market share of 38% during the Quarter 2 of 2007 and market share of 39% during the Quarter 1 of 2008. Read more here
The profit and market share figures don't look too good for Sony Ericsson as it faces tough times ahead due to extreme competition in the market and lack of high end Sony Ericsson devices rolling into the market. The company reported that it is facing continuous decrease in Profit and market share because most of its devices are now in the entry and mid levels of the market. It is also reported that Sony Ericsson plans to cut 2000 jobs next year to get out of trouble times. Read more here
Source: Mobile Burn
