Sony Ericsson continues a downward spiral in the third financial quarter of 2009, although this go-around is not quite as bad as Q2. President Dick Komiyama is leaving the company at the end of the year, and he’s feeling optimistic about the SE’s future, even though it had to take in a Euro 455 million loan from its parent companies to keep running. Here’s a quick breakdown of the numbers.
- 14.1 million units shipped (up 2% from 13.8 last quarter, down 45% from 25.7 last year)
- Euro 198 million in lost income (up from 283 lost last quarter)
- Euro 1,619 million in sales (down 4% from 1,684 last quarter, down 42% from 2,808 last year)
- Forecast: 10% retraction in global handset market
We’re still waiting on the Aino and X3, so we’ll have to see if they affect SE’s Q4, but the X2 and Satio should at least be making a moderate splash in the next results. How do the analysts feel about Sony Ericsson’s Q3?
“Expectations that they will make big losses next year have to be revised to show that they maybe won’t make any money, but that at least they will break even.” – Martin Nilsson, Handelsbanken Capital Markets
“On the funding side I think that was more or less expected that the parents will have to commit something with a guarantee or capital.” – Thomas Langer, WestLB
“This [loan] will give them some working peace for the next year.” – Greger Johansson, Redeye
It’s been a long, bumpy ride for Sony Ericsson, but hopefully this loan will, in fact, carry them through the rough patch. Take a closer look at Sony Ericssons Q3 numbers here, or peruse our Finance section to keep tabs on all of the big players in mobility.