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Sony Ericsson sales slump 40% in Q1 |
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Written by Peter Scott
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Friday, 17 April 2009 13:29 |
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Says it will slash 2,000 jobs
The handset sector is facing tough times, and Sony Ericsson seems to be even harder hit by weak demand than rival Nokia.
The company's sales shrunk by almost 40 percent sequentially, with a
similar unit sales decline. Sony Ericsson claims the market climate is
"challenging", and its operating loss increased to €369 million, up 41
percent sequentially.
Although the entire sector is slowing down, Sony Ericsson seems to be
leading the way, and it is loosing market share as well. It is
currently at just 6 percent, down 2 percent. It has failed to meet its
predictions, and says the market volume will drop at least 10 percent
in 2009.
Unsurprisingly, the outfit has announced another cost reduction programme, which will cost some 2,000 workers their jobs.
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