Wireless outfit Sony Ericsson posted sharply higher earnings and sales for the third quarter Friday and said industrywide cell-phone volume should be higher than previously forecast this year.
The company, a joint venture of Sony(SNE Quote) and Ericsson(ERICY Quote), earned $132 million in the quarter, up from $39 million a year ago. Sales were $2.41 billion, up from $1.56 billion a year ago. The company said it benefited from brisk sales of its Walkman handsets and a higher average selling price: roughly $180 in the latest quarter compared with $173 a year ago. The company shipped 13.3 million units in the March quarter, up from 9.4 million a year ago. Sony Ericsson put overall industry shipments at 900 million for 2006, up from its old forecast of 860 million.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
