Sony Ericsson Q1 2008: 47% decrease in profits, 22.3 million phones shipped
By Stefan Constantinescu on Wednesday, April 23rd, 2008 at 4:53 AM PST In Sony Ericsson
Sony Ericsson’s Q1 2008 financial figures are out and they don’t look too rosy. Sure 22.3 million devices have shipped, a 2% increase from Q1 2007, but with the average selling price of said devices falling to 121 EUR compared to 134 EUR this time last year, the high end phones that do make money sold in much fewer numbers. Sony Ericsson (NYSE: SNE) blames the drop in profits to increased spending in R&D, to that I say are you buying all your scientists a triple 30 inch Mac Pro and feeding them gourmet food while they have their scalps massaged by Swedish supermodels?
Company speak for “we’ve come up with something, our engineers disagreed, but we forced it through anyway because our consultants sounded so expensive – and then it failed, and it cost us a lot of money”.
Maybe we’ll get the “we are an experienced company” next..
easy on the fanstsia about working in R&D, stefan! but they have too many products and projects for a co. w/
Still no 3.5mm jacks, very few devices with wifi, same phones as last year with a new coat of paint…
…where the heck is all of the R/D money going!?