Highlight:
Sony Ericsson's first-quarter profit drops 48%
Revenue:
Y2Y of Q1 drop 7.6% from $4.63 billion to $4.30 billion
Net Profit:
Y2Y of Q1 drop 48% from $404 million to $212 million
Other:
Sony Ericsson estimated its market share at around 8% in the quarter, down from 9.7% in the fourth quarter.
Sony Ericsson shipped 22.3 million phones in the quarter, up 2% compared with the year-ago period and in line with consensus forecasts. Still, shipments fell 26% sequentially, a bigger drop than the typical seasonal decline of 10% to 15%.
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