Sony Ericsson reports euro 11 million Q1 net incomeApril 22, 2011 - 15:34 AMT PanARMENIAN.Net - The broader adoption of Android platform for several of its smartphones is expected to work in favor of Sony Ericsson, which has lately revealed its total earnings for the first quarter ended March 2011 and revealed a net income of euro 11 million, according to mobiletor.com. The company posted a gross margin of 33 percent which is an increase of approximately 2 percentage points when compared to last year and a raise of 3 percentage points sequentially. The total number of units sold during the first quarter was 8.1 million that is 23 percent decrease when pitted against a year-ago quarter. Bert Nordberg, President and CEO of Sony Ericsson, cited “Sony Ericsson’s profitability continues as we accelerate our shift towards an Android-based smartphone portfolio, with smartphones comprising over 60% of our total sales during the quarter.” This resultant decline is reportedly due to less number of feature phones being shipped as well as release of newer products towards the end of the quarter. The report discloses that the average selling price (ASP) in this quarter to be euro 141, a 23 percent increase as compared to previous year. According to revealed statistics, Sony Ericsson’s total sales were euro 1,145 million which represents a 19 percent year-on-year decline. They also revealed an income before tax profit of just euro 15 million due to the impact of lower sales and lower operating expenses. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |