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July 15, 2011 12:11 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sCTOL4mc8Es/
Japan Earthquake Pushes Sony Ericsson To A Q2 Loss; Smartphones Account For 70 Percent Of Sales
Sony Ericsson released its quarterly earnings this morning, reporting a surprise loss for Q2 2011 and declining sales. The earthquake that hit Japan earlier this year has a lot to do with the slump, as it had a major effect on the company's supply chain.The quarter ended in a net loss of 50 million (roughly $70.5 million), compared to a net income of 12 million ($17 million) in the same quarter in the previous year, and 11 million ($15.5 million) in the last quarter.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sCTOL4mc8Es/
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