Sony Ericsson Q3 profits rise along with ambitions to be the Android leader

Sony Ericsson has reported their Q3 results and have proudly stated a “turnaround continues with third consecutive quarter of profits”. As for the numbers: they made a profit of €49 million (US$70 million) but unfortunately the number of devices shipped in Q3 was down 26% (10.4 million) for the year and o down by 5% from last quarter. As for market share, Sony Ericsson says “is estimated to be approximately 6%”

Bert Nordberg, President & CEO of Sony Ericsson said that “our third consecutive quarter of profitable results illustrates that Sony Ericsson’s overall performance is stabilising. Our strategy to focus on the smartphone segment is succeeding and smartphones now comprise more than 50% of our total sales… it is our ambition to become the global number one handset provider on the Android platform.”

Source: Sony Ericsson