Sony Ericsson Mobile Communications L.P. released its results and gains in handset volumes, revenue and income. The results that may astonish the executives of Samsung Electronics Co. Ltd. and LG Electronics Co. Ltd. Sony Ericsson exceeded LG in terms of handset volumes, and its 2006 results shows that they are not far away from Samsung. And this is so remembering the fact that Sony Ericsson offers only GSM products, while LG and Samsung work with both GSM and CDMA technology.
Sony Ericsson report reflects the figure of 26 million units for the fourth-quarter handset volumes, a nearly 63-percent rise from the year-ago quarter. It shipped 75 million units for the year, a 47-percent increase over the prior year. Revenue increased to $4.9 billion in the fourth quarter, a 63-percent leap over the year-ago quarter. Net income for the fourth quarter reached $579 million, more than triple the year-ago quarter. The joint venture ended the year with nearly $1.3 billion in net income, well over double the previous year's net income.
Sony Ericsson explained its success to strong growth in Latin America, the Asia Pacific region and Europe.