Summary Box: Sony Ericsson posts Q3 profit

AP News
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Posted: Oct 15, 2010 2:46 PM
Summary Box: Sony Ericsson posts Q3 profit

THE NUMBERS: Stockholm-based mobile phone maker Sony Ericsson said net income was euro49 million ($70 million). A year ago it lost euro164 million. Revenue slipped to euro1.6 billion ($2.2 billion) from euro1.62 billion.

THE DETAILS: Sony Ericsson was helped by lower costs and by a shift to higher-margin smart phones. Phone prices jumped in the quarter but the company shipped fewer of them, which weighed on revenue.

THE FUTURE: The company is making a big bet on phones that run Google Inc.'s Android software.

"It is our ambition to become the global No. 1 handset provider on the Android platform," said CEO Bert Nordberg.