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Sony Ericsson Spoils Sony's Overall Performance


Posted: 01 Aug 2008
TAGS: ericsson, sony
Sony Ericsson Spoils Sony's Overall Performance

You probably think that Sony's joint venture with Ericsson doesn't really have a major impact on the company's overall earnings. Well, maybe, but not in this case. The manufacturer's low income reflected in Sony's latest financial report with a 97% drop in cash payouts in comparison with the last year's performance - from ¥17.1 billion all the way down to a ¥0.6 billion.

Of course, this doesn't mean that Sony Ericsson's days are numbered, just makes you wonder how long Sony plans to tolerate those crappy balance sheets.

VIA Engadget
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