Sony Ericsson has announced that it is lowering its Q1 sales and profits expectations, thanks to slow growth in the mid-level and high-end handset market. The lower profits are also partially blamed on a shortage of certain components for mid-range handsets.
Sony Ericsson is expected to publish its Q1 2008 reports on April 23rd. Company President Dick Komiyama reasons that the handset manufacturer has recently been focusing on expanding its portfolio in new markets and will likely begin seeing positive results from that in the second half of 2008.
Thursday, March 20, 2008
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