Sony Ericsson Loses Money, Tough Competition To Blame
The World of smartphones is quite a competitive and tough market to do well in. One company in particularly that struggled during the fourth quarter of 2011 was Sony Ericsson, the ninth largest maker of cell phones. Companies such as Apple and Samsung did very well and with the iPhone creeping up on Android in [...] Sony Ericsson Loses Money, Tough Competition To Blame is a post from: The ...
The European Commission has approved Sony's intent to buy Ericsson's portion of the two companies' cell phone joint venture. Sony first announced in October that it planned to buy Ericsson out for $1.39 billion. EU regulatory approval was necessary for the deal to move forward. Sony said the first "Sony" branded Xperia smartphone will be released soon.