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Sony Ericsson Q1 2008: 47% decrease in profits, 22.3 million phones shipped

Categories: Sony Ericsson
By: , IntoMobile
Wednesday, April 23rd, 2008 at 4:53 AM

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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 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?

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About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.

  • fenris

    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..

  • rk arete

    easy on the fanstsia about working in R&D, stefan! but they have too many products and projects for a co. w/

  • newtype2011

    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!?