Sony Ericsson Returns to Profitability
It’s no secret that Sony Ericsson has been struggling for the last couple of years. It hasn’t reported a profitable quarter since 2008 and 2009 has been especially tough for the company, which ended Q1 with a 293 million euro ($397 million) net income loss. This morning, however, Sony Ericsson posted a 21 million euro ($28 million) profit for Q1 2010. On the downside, it also shipped 10.5 million handsets — 4 million fewer than the number shipped in Q1 2009 and 4.1 million fewer than the number shipped in Q4 2009. ...