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
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?