Sony Ericsson, the handset design and manufacturing joint venture between the two companies, posted dismal earnings for the second quarter. By far the most important figure in the earnings release: the units shipped dropped 43 percent to 13.8 million.
Sony Ericsson posted a quarterly pre-tax loss of 283 million euros. That compares to a profit before tax of 8 million euros in the same period a year ago. The company confirmed its forecast that global handset sales will drop 10 percent in 2009.