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Looks like things are finally going the way!
From SE website
Sony Ericsson reports a strong increase in shipments and record profits for the first quarter of 2004
19-4-2004
Units shipped in the quarter reached 8.8 million, a 63% increase compared to the same period last year. Sales for the quarter were Euro 1,338 million, representing a year-on-year increase of 66%. Income before taxes was Euro 97 million and net income was Euro 82 million, which represent year-on-year improvements of Euro 210 million and Euro 186 million respectively. While the year on year growth in shipments and sales reflects solid performance improvements across business units and regions, income before taxes was exceptionally strong due to favourable market conditions. In addition, the restructuring measures that were taken in 2003 are now fully contributing to the bottom line.
In an overall strong mobile phone market, shipments from Sony Ericsson reached an all time high as its product offering in the mid- and entry level segments continued to gain momentum. Market share is estimated to have increased during the quarter thanks to strong demand and increased operational efficiencies. Sony Ericsson has increased its estimate for the global market for 2004 from approximately 520 million units to over 550 million units.
“A third consecutive quarter of profits and good growth in sales demonstrates that our strategy is paying off. Our focus on GSM, UMTS and Japanese standards has proven successful, and our direction to emphasize imaging, multimedia, entertainment and industrial design is well reflected in our latest product offerings. We will continue to strengthen our innovative and attractive brand, ensuring our products appeal to customers across all market segments and regions”, said Katsumi Ihara, President of Sony Ericsson.
During the first quarter Sony Ericsson announced new partnerships as well as exciting products such as the S700, the company’s first mega pixel GSM camera phone, and the Z500, its first Push-to-Talk capable product for the American EDGE-networks. In addition, Sony Ericsson announced the K700 imaging phone and a range of innovative Bluetooth accessories which will start shipping during Q2.
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Posted: 2004-04-19 09:45:52
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Great Q1 report.
But think about how great it could have been if they didnt had the lack of components.
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Posted: 2004-04-19 11:02:52
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day by day we read always positive comments and reports about se. it was really time for it.
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Posted: 2004-04-19 11:21:08
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Well things are getting better for SE and bad for NOKIA. You can check also the following post as well. It seem that NOKIA is about to lose ground very badly.
http://www.esato.com/board/viewtopic.php?topic=56258
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Posted: 2004-04-19 11:23:40
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And to add to your report...
Here's what's happening to Nokia.
Nokia stock is downgraded by several analyists due to the comment of their CEO that they seem to be losing their market share to the other brands. He does not expect the upcoming models to produce results until the 4th quarter.
Just compare the performance of the two stocks:
Nokia (NYSE: NOK) March 5 close $23.22, April 16 close $14.61 (37% decline)
Ericsson (NYSE: ERICY) March 5 close $31.00, April 16 close $29.61 (4% decline)
Latest news on Bloomberg: "Nokia starts selling cheaper phones to regain market share". Looks like Nokia is not concertrating on delivering quality anymore but only quantity. I guess they will lose out in the 'smartphone' category. What do you think?
They will make more low-margin phones than high-margin ones (as opposed to SE). But as more and more people become more tech savy, no one's gonna buy their 'cheap' phones anymore.
[ This Message was edited by: jomni1 on 2004-04-19 10:27 ]
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Posted: 2004-04-19 11:24:32
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are you sure that the "ericsson" stock applies to SonyEricsson?
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Posted: 2004-04-19 12:23:53
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Great job SE !!! Now brings the new phones like K700 to us asap............and hopefully more great phones to announce soon !!!!!! SE will slowly climb over Siemens hopefully !
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Posted: 2004-04-19 12:24:08
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Note that your comparison of Ericsson and Nokia's share values is a little misleading.
Ericsson had to perform a one for ten stock amalgamation a couple of years back to maintain their Nasdaq listing because the value of their 'B' shares had dropped below one dollar.
So comparing like for like, Ericsson's shares are only really worth around three dollars - considerably less than their peak of twenty-six dollars, reached four or five years ago.
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Posted: 2004-04-19 12:32:51
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Twice as many shares now though...
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Posted: 2004-04-19 15:59:02
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Quote:
On 2004-04-19 12:23:53, ts_666 wrote:
are you sure that the "ericsson" stock applies to SonyEricsson?
Ericsson AB is a publicly traded stock. as far as i know SE is not tho...
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Posted: 2004-04-19 17:14:51
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