Sony Ericsson has announced a €247 million pre-tax loss for Q4 2011, despite Reuter’s forecast for a €41.7 million profit.
Sony blames tough competition an “unfavourable global economic situation” for its unexpected loss, as well as certain component shortages following flooding in Thailand in late October and early November 2011.
Still, that’s not to say its all bad news for the smartphone-manufacturer, who reported a 65 percent year-on-year increase in Android-based Xperia phones, bringing the total number of Xperia phones shipped to a fairly-respectable 28 million. Average selling price for the quarter also increased to €143 up 5 percent year-on-year.
Bert Nordberg, President and CEO of Sony Ericsson commented: “Our fourth quarter results reflected intense competition, unfavorable macroeconomic conditions and the effects of a natural disaster in Thailand this quarter.”
“We are aligning our business to drive profitability and to meet customer needs. In spite of these challenges, throughout 2011 we’ve shifted our business from feature phones to smartphones, and our Android-based smartphone sales in the quarter increased by 65 percent year-on-year.”
“The Xperia portfolio, including the recently announced Xperia NXT series, will serve as a cornerstone of our smartphone lineup in 2012.”
[Source: Sony Ericsson]