Let’s pour a little out for Sony Ericsson because if they’re not dead now they’re dying rapidly. The phone maker posted a loss of $300 million for Q2, it’s fourth consecutive quarter of lagging earnings.
What’s the problem? They’re not releasing anything anyone wants. The X1 was a dud and the rest of their new line hasn’t been announced yet. They’re basically sitting out the smartphone revolution.
“As expected, the second quarter was challenging and we still believe the remainder of the year will be difficult for Sony Ericsson,” said the company’s president Dick Komiyama in a statement. “Our focus remains on bringing the company back to profitability and growth as quickly as possible, and our performance is starting to improve due to our cost reduction activities.”
These “activities” include restructuring their handset division and firing 2,000 employees.