Sony Ericsson JV comes under pressure
Sony president Ryoji Chubachi said the company planned to continue working on its mobile-phone venture with Ericsson AB.
“We will continue to work on the Sony Ericsson joint venture,” Chubachi told reporters in Singapore today at a factory opening of Sony, the world's second-largest maker of consumer electronics.
Chubachi, who was responding to a question on whether the Tokyo-based company planned to sell its stake in the venture or buy out Ericsson, declined to elaborate.
Sony may consider the future of its Sony Ericsson Mobile Communications venture, Die Welt reported in the preview of an article to be published today, citing Sony chief executive Howard Stringer.
“It's never easy to buy out a partner,” Stringer said, according to the Berlin-based newspaper.
Stringer said Sony and Ericsson had to cooperate like they did two years ago, or the joint venture would have to look for its own solution, Die Welt said.
Sony Ericsson on July 18 reported second-quarter net income plunged to 6 million euros ($8.9 million), from 220 million euros a year earlier, because of falling sales of higher-priced phones and product delays.
The London-based company earlier this year lost its fourth spot in the global handset market to LG Electronics.
source
“We will continue to work on the Sony Ericsson joint venture,” Chubachi told reporters in Singapore today at a factory opening of Sony, the world's second-largest maker of consumer electronics.
Chubachi, who was responding to a question on whether the Tokyo-based company planned to sell its stake in the venture or buy out Ericsson, declined to elaborate.
Sony may consider the future of its Sony Ericsson Mobile Communications venture, Die Welt reported in the preview of an article to be published today, citing Sony chief executive Howard Stringer.
“It's never easy to buy out a partner,” Stringer said, according to the Berlin-based newspaper.
Stringer said Sony and Ericsson had to cooperate like they did two years ago, or the joint venture would have to look for its own solution, Die Welt said.
Sony Ericsson on July 18 reported second-quarter net income plunged to 6 million euros ($8.9 million), from 220 million euros a year earlier, because of falling sales of higher-priced phones and product delays.
The London-based company earlier this year lost its fourth spot in the global handset market to LG Electronics.
source
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