Sony Ericsson profit drops on slowing sales

Sony Ericsson has come out with their latest revenue report and the company has reported a 48 percent drop in first-quarter net profits.

Sony Ericsson said that this was mostly due to slow sales in some of their global markets.

The company also warned that falling growth in the market for mid- and high-range handsets would hurt its results in the first quarter.

Sony Ericsson faces intense competition from both Nokia and Samsung which are enhancing their market position dominating Motorola and other players.

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