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Sony Ericsson: 4th Quarter 2006 Results To Be Announced Soon |
goldenface
Joined: Dec 17, 2003
Posts: > 500
From: Liverpool City Centre
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Sony Ericsson Q4 Earnings seen doubling
STOCKHOLM, Jan 10 (Reuters) - Japanese-Swedish mobile phone maker Sony Ericsson (7358.T: Quote, Profile, Research) (ERICb.ST: Quote, Profile, Research) is set to report a doubling in fourth quarter pretax profit as it has broadened its portfolio and stayed strong in the music phone segment, a Reuters poll showed on Wednesday.
The average of forecasts of 18 analysts was for pretax earnings to rise to 428 million euros ($556.1 million) in the quarter from 206 million a year ago, the poll showed.
Sony Ericsson, which has tended to stay out of the very low-cost end of the market, rose one spot to be the world's fourth-largest mobile phone maker in the third quarter, overtaking South Korea's LG Electronics (066570.KS: Quote, Profile, Research).
"Sony Ericsson typically does not fare well in terms of market share in Q4 owing to the weighting towards the prepaid segment where the company does not compete as well," Deutsche Bank wrote in a note on Ericsson.
"However, we believe that the company (Sony Ericsson) has done well again in Q4 reflecting its robust, feature rich handsets," it added.
The poll showed an average forecast for Sony Ericsson handset sales of almost 23 million units, up from 16 million in the same period of 2005, but well below the 88 million handsets sold by market leader Nokia (NOK1V.HE: Quote, Profile, Research) in the third quarter.
The company, whose best-selling recent products have been its range of Walkman phones and camera handsets, is due to release its earnings at 0730 GMT on January 17.
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Residentevil
Joined: Feb 29, 2004
Posts: > 500
From: Raccoon City, USA
PM, WWW
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Thanks for the update. STill a week to go.
Tough times don't last, tough people do!
Free Tibet | |
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Access the forum with a mobile phone via esato.mobi
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Posted: 2007-01-11 11:21
