Sony Ericsson Q3 results: 0 profit, smartphone-only portfolio in 2012

Sony Ericsson is still walking the line of profitability and has crossed it a few times in the last few quarters. The third quarter of 2011 saw a decrease in most of the major stats year-over-year (YoY), but the company did perform better than it did in Q2.

The most interesting figure of the press release is the net income - 0. Income before taxes was €31 million but none of that made it to the company's coffers. Still, the company seems to be recovering from the Japan earthquake which affected its Q2 results quite strongly.

The number of shipped units was down YoY - 9.5 million vs. 10.4 million in Q3 2010, but the sales remained pretty close at €1.586 billion compared to €1.603 billion.

That was mostly due to increased shipments of the Xperia line of smartphones, which compromised 80% of all shipments. This pushed the average selling price up to €166 (up 8% YoY). 22 million Xperia phones have been shipped to date.

Interestingly, Bert Nordberg (president and CEO of Sony Ericsson) said that they will be shifting their entire portfolio towards smartphones in 2012. He didn’t specify an OS, but there are no strong indications for now that Sony Ericsson will be joining the WP7 team (except a canceled prototype from a while back).

You can read the full press release here (PDF) for more details on Sony Ericsson's performance in Q3 of 2011.

Source (PDF)