Oops ? Sony Ericsson Swings To A 247 Million Euro Loss In Q4 2011

Smartphone maker Sony Ericsson this morning posted a pre-tax loss of 247 million euros in the fourth quarter of 2011, after reporting a profit of 31 million euros before taxes in Q3 2011. The company, a 50:50 joint-venture between Sony and Ericsson, blames "intense competition", "price erosion" and effects from the flooding in Thailand as some of the main drivers for the drop.

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