Sony Ericsson posts ?12m quarterly profit

Smartphones boost vendor's sales
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Sony Ericsson has posted earnings of €12 million for its second quarter ending June 30th, compared to a loss of €213 million in 2Q09.

This the second consecutive quarter that the firm has posted a net profit, following earnings of €21 million in Q1.

Sony Ericsson's sales for this quarter were €1.76 billion, a 25 per cent increase sequentially and a four per cent increase year-on-year, from 11 million units shipped (down 20 per cent).

However, the company's average selling price bucked the industry-wide trend by climbing to €160 from €134 in Q1 2010 and €122 12 months earlier.

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