Sony Ericssons reports 207 million losses for the fourth quarter of 2011

Sony Ericsson , which will soon be just Sony, has just announced a large financial loss for the fourth quarter of 2011.

For three months of the quarter, which ended in December 2011, Sony Ericsson suffered losses of 207 million euros, with a total revenue of 1.29 billion euros, which is 8 less in the same period in 2010.

“The fourth quarter was affected by the disappointing situation in the macroeconomy and the flood in Thailand”

, the company’s executive director Bert Nordberg explained this in a statement.

It will be interesting to see if the company can improve its business with new devices already under the Sony brand in 2012.

Source: Allthingsd.com

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