One of the previous also-ran mobile brands that been revitalised by Google's open Android platform, Sony Ericsson has released financial figures for its 2010 third quarter, for the three months ending September 30.
Sales were 1.603 billion ($2.3 billion), down 1 percent year on year.
However the company had an operating profit of 63 million ($88 million), compared to a 193 million ($270 million) loss a year ago.
Next income was 49 million ($69 million), compared to a loss of 164 million ($230 million) year on year.
The only way is up
"Our third consecutive quarter of profitable results illustrates that Sony Ericsson's overall performance is stabilising," said Bert Nordberg, Sony Ericsson's president & CEO.
"Our strategy to focus on the smartphone segment is succeeding and smartphones now comprise more than 50 percent of our total sales.
"During the quarter, we launched our Android-based Xperia models in new markets, such as China and the US, and it is our ambition to become the global number one handset provider on the Android platform."
Price up, volume down
Further bolstering the company's performance, its gross margin was 30 percent, compared to 16 percent year on year.
The average cost of a Sony Ericsson device in the quarter was 154 ($216), compared to 114 ($160) a year ago.
In comparison, the average price of a Nokia phone in Q2 2010 was 62 ($80) overall, and 143 ($184) for its smartphones.
However Sony Ericsson is quarterly shipping less devices - 10.4 million in Q3 2010 - compared to 11 million in Q2. and 14.1 million in Q3 2009.
Sony Ericsson's net cash position as of September 30, 2010 was 538 million ($753 million).
[source: Sony Ericsson]
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A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
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