Sony Ericsson (SNE, ERIC) this morning posted Q3 results that were short of expectations. The company blamed the miss on component shortages. The joint venture posted a profit of 49 million Euros, or about $68,8 million; Bloomberg notes that analysts had been expecting 59 million Euros.
Sales in the quarter were 1.603 billion Euros, down from 1.619 billion a year ago, and 1.757 billion in Q2.
It was, at least, a profitable quarter after a string of six quarters in the red.
The company noted that both LED screens and printed circuit boards were in short supply in the quarter due to rapid growth in the smart phone category.
ASP in the quarter was 154 Euros, down from 160 Euros in the June quarter. Units shipped in the quarter fell to 10.4 million from 11 million in the June quarter and 14.1 million a year earlier.
The company estimated that it had about 19% of the market for Android-based phones. More than half of the JV’s sales now come from smartphones.
In today’s trading:
- SNE is down 11 cents, to $32.11.
- ERIC is down 16 cents, or 1.5%, to $10.81.
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