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Many analysts and market observers expect a strong earnings report from Sony Ericsson Q2, but the company that took them by surprise , showing a net loss? 50 million (approximately $ 70.5 million in the U.S.), compared with net income of? 12 million (about $ 17 million) to the same period last year. The manufacturer also sold only 7.6 million phones during the quarter, marking a decrease of 31 percent year over year, while total revenues increased from 1.76 billion? (about U.S. $ 2.5 billion) the last year for? 1.19 billion (about $ U.S. 1.7 billion) during Q2 2011. CEO Bert Nordberg much of the decline attributable to the earthquake in Japan, which disrupted the supply chain of the company, resulting in the loss of about 1.5 million devices. The report comes after Sony Ericsson has launched a major campaign to reduce costs and re-focused on the production of smartphones, which represented over 70 percent of all sales in Q2, against only 40 per cent at the end last year. For a more detailed breakdown, his head after the break for the full press release.

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Sony Ericsson posts loss in Q2

surprising because the Japanese earthquake

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