Sony Ericsson Quarterly Loss Grows

The AP:

Mobile phone maker Sony Ericsson said Friday its losses widened to €164 million ($245 million) on sagging sales in the third quarter, and announced new financing from external investors. […]

Sony Ericsson said it had strengthened its balance sheet by securing €455 million ($676 million) in external financing facilities, primarily from parent companies Sony and Ericsson.

Two thoughts: (a) This is what happens to a phone maker today that isn’t building on a solid software platform — even one like Sony Ericsson, which has always made delightful hardware; and (b) Sony Ericsson’s “external investors” are Sony and Ericsson?

β˜… Friday, 16 October 2009

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