Sony Ericsson reports massive improvement in profits

Sony Ericsson reports massive improvement in profits

Mobile phone maker Sony Ericsson has come out with their latest quarterly reports and the company has reported a massive boost in profits.

The company managed to improve their sales by around 63-percent and their net profit in the quarter more than doubled on a 12-month comparison to 254 million Euros.

They had posted profit figures of 109 million Euros in the same period last year. Sony Ericsson said that they made a smashing start to the New Year with massive boost in sales of their mobile phone products.

Sony Ericsson president Miles Flint added: “The strong sales and solid financial performance demonstrate a continuation of the momentum we established last year.”

Nokia has also posted improved revenue reports though Motorola seems to be in trouble due to their struggling mobile phone business.