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> Sony Ericsson summarizes Q2 financially
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According to GSMarena.com:
Last night was a restless one for a lot of accountants. Just as planned, today Sony Ericsson announced their Q2 financial results. The times are getting tougher and tougher for them it seems, the number of units shipped fell 5% compared to the previous quarter (and they weren't spectacular then, too).
The good news is, the Average Selling Price went from 120 euro to 122 driven by a "more favourable product mix", which resulted in 4% higher gross margin. This wasn't enough though - the net loss was 213 million euro (the fact that this is better than the loss of 293 million the previous quarter is hardly any consolation). The reason for this, according to Sony Ericsson lays in the challenging market conditions, with Latin America being singled out as particularly tough.
Sony Ericsson are trying to handle the situation, their programs for reducing expenses are on track and the restructuring charges related to those programs are within the expected bounds. Part of those cost reduction programs included reducing the global workforce by 2,350 workers.
The new portfolio - with the Satio, Aino and Yari at the front - are expected to help with Sony Ericsson's performance, especially with their revamped PlayNow arena, which will be expanded with app store functionality alongside the music and movie distribution.
By Sony Ericsson's estimates, their market share is slightly more than 5 percent. The company admits that they need to turn things around and grow financially if they are to retain their Tier one manufacturer status.
Also
Nokia Q2 financial report is out, shows improvement over Q1
Nokia have just announced their Q2 financial report. The numbers are showing sings of recovering from the shock of the recession - their operating profit went up by almost 51% and their estimated market share increased a percent to 38%. The total number of phones they shipped was just over 103.2 million, a healthy improvement over the 93.2 million the previous quarter.
Reading through the report shows that things are improving since the begging of the year but they are still not as good as they used to be. Net sales for the quarter rose 7% from last quarter's 9.28 billion, but are 24.6% lower than those for the same period last year. Operating profit has also shrunk by 71% from the same quarter the previous year, but compared to Q1's 90% it's not as abysmal.
The Nokia 5800 XpressMusic continues to steam ahead with 3.7 million units sold for the quarter (adding up to 6.8 million total sales since last November) - more than a million handsets monthly. N-series and E-series phones also sold a million units morethan in Q1.
Geographically, sales for the quarter went up by about a third in the Middle East and Africa, as well as Latin America compared to Q1. The other regions saw a more moderate increase of between 4 and 7 percent, the only exception being North America, where Nokia sales were down by 5.9% .
The Average Selling Price went down to 62 euro from the 65 euro from the previous quarter, which Nokia explain with increased production of lower-end phones. In an attempt to counteract this, they've began shipping their flagship smartphone the Nokia N97, their flagship imaging phone - the N86 8MP, and finally, their flagship email-oriented phone - the E75. In other words - Nokia is gearing up retake some turf at the high end, too.
They also mentioned in passing collaboration with Intel for a device based on "Intel architecture", which they say will combine computing performance and high-bandwidth mobile communication resulting in a "PC-like Internet experiences across a new class of services". We just hope there won't be a new term for the device - netbook, MIP, UMPC - it's confusing enough. At any rate, Intel and Nokia both have strong commitments to Linux (Moblin and Maemo) so a Linux tablet is a good guess at what might come out of this partnership.
[ This Message was edited by: adnansanni on 2009-07-16 17:20 ]
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Posted: 2009-07-16 18:18:09
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Nokia up SE down
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Posted: 2009-07-16 18:54:21
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Eeeish, unlucky SE. . . . .
Nice one NOKIA
I also read that NOKIA have gone back UP to 41% in the smartphone segment
sssweeet.
[ This Message was edited by: GUCCI.011 on 2009-07-16 17:58 ]
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Posted: 2009-07-16 18:54:55
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Nokia's profits are down 66% too. It means the lower segment of the market fared much better than the top tier models. SE lost ground there.
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Posted: 2009-07-16 18:59:30
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Yeah, they are down to the last year bumper figure, however they are up on the previous quarter. What I find surprising is how quickly SE imploded ! On their own account SE has just over 5% of the global market. On my account, they should wait for all the parties to come to the table. They might get a nasty surprise
Certainly Apple will give them a run for their money. Once you drop below 5%, you are a nobody
On the other hand, Nokia did not manage to get back up to 40%. And that's good for competition. Samsung is my trump card though.
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Posted: 2009-07-16 19:17:44
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Apparently Samsung are already shifting millions of their touch screen budget phone The Tocco Lite. And they believe they will shift ten million by the end of the year.
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Posted: 2009-07-16 19:24:00
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SE improved somewhat financially over the prior quarter but really not by much and still losing market share.
Nokia and Samsung are still the market leaders!!
SE does have "good" phones but, as many past news reports state, it's aiming for the high-end phone market, which means that their phones tend to be pricey! Price does Not relate to good quality, though!
The company also tends NOT to listen to what consumers want, like better quality cameras (high mg pixels don't equal a better phone, ask a photographer!) or put in 3.5mm ports for the media player, so it's also regarded as an Arrogant company!
Let's hope SE improves itself! It needs to if it wants to survive!
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Posted: 2009-07-16 20:48:35
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Pretty sad. I hope they will recover later this year, else they may be down by summer 2010.
As for Nokia, that bastards have enough profits already
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Posted: 2009-07-16 20:49:45
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I think the problem here is Nokia and Samsung know what the public want and do it mass market. Sony Ericsson surely if they concentrate on mostly smartphones i dont think thats going to improve their sales at all. Wrong move imo.
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Posted: 2009-07-16 21:04:00
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If SE concentrates on smartphones, not just for high end but even of mid, then they should be doing alot better. Nokia's biggest markets are middle east,asia/india. And they want smartphones, symbian specifically.
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Posted: 2009-07-16 22:09:26
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