Bloomberg: Sony Ericsson, the world’s fourth-largest mobile-phone maker, said third-quarter profit almost tripled on sales of handsets with high-resolution cameras and Walkman music players.
Net income jumped to €298 million from €104 million euros a year earlier, the London-based company said in a statement today. Sales rose to €2.91 billion as they sold a total of 19.8 million phones in the quarter.
“I see no reason why they can’t continue on that level for quite a while,” said Neil Mawston, an analyst at Strategy Analytics Ltd. in Milton Keyes, England. “They can string more out of the Walkman brand and they have another few brands, such as Bravia and the Playstation, to play with.”
Sony Ericsson said it had about 8% of the global market in the quarter, and reiterated the industry will expand to more than 950 million units sold this year.