Sony Ericsson Net Rises

Handset maker

Sony Ericsson

posted a strong third quarter Thursday, led by continued strong sales of camera phones.

The company, an equally owned venture of Japan's

Sony

(SNE) - Get Report

and Sweden's

Ericsson

(ERICY)

, posted net income of 90 million euros ($110 million) in the period ended Sept. 30. That's up 45% from a year ago, as sales rose 29% to 1.69 billion euros.

The company said its average phone selling price rose in line with expectations, even as rival

Nokia

(NOK) - Get Report

undertook a broad price war in a push to regain lost market share. But Sony Ericsson, like

Samsung

and

LG

, has had success selling midprice and expensive camera phones that Nokia so far has been unable to roll out in numbers.

The company said it shipped 10.7 million units in the latest quarter, up from 10.4 million in the second quarter and up 51% from a year earlier.