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In the news
Sony Ericsson suffers third straight loss in Q1
Mobile phone maker Sony Ericsson on Friday posted a 293 million euro (US$387 million) net loss in the first quarter on falling sales and said it would slash an additional 2,000 jobs to cut costs.
The result was the third consecutive quarterly loss for the Sony and LM Ericsson joint venture, which reported a profit of 133 million euros ($174 million) in the same period in 2008.
Sales in the January-March quarter tumbled by 36% to 1.7 billion euros ($2.2 billion), from 2.7 billion euros ($3.5 billion) a year earlier.
