Sony Ericsson to cut handset range after loss

Sony Ericsson recorded its first quarterly net loss in more than five years on Friday, as the world’s fifth-largest mobile phone manufacturer was hurt by consumers buying fewer handsets.

The company, owned by Sweden’s Ericsson and Sony of Japan, reported a net loss of €25m ($34m) in the third quarter compared with a profit of €267m during the same period last year.

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