|
Sony Ericsson is a 50-50 joint venture established in
2001 by the
Japanese consumer electronics company
Sony and the
Swedish telecommunications company
Ericsson, to make
mobile phones. Both companies have stopped making their own mobile
phones, letting the new company use Sony's knowledge in customer
electronics and Ericsson's know-how in cellular technology. The
company's global management is based in
London, has R&D in Sweden, Japan,
China,
US
and UK, and in total has approximately 3,500 employees around the world.
President is
Katsumi Ihara, and Executive Vice President is
Jan Wδreby.
Sony Ericsson announced its first joint products in March 2002 and now
has a full product portfolio covering all target groups. In 2002, Sony
Ericsson sold close to 23 million mobile phones.
After years of losses, Sony Ericsson posted a fourth-quarter profit in
2003, buoyed in part by sales of its new line of camera phones and a
strong showing in Asia, earning 43 million euros in contrast to a loss of
69 million euros a year earlier. Analysts had expected a profit of 32
million euros. It was the second consecutive quarter that Sony Ericsson,
which had steadily lost money since it was founded in 2001, posted a
profit.
|
