Sony Ericsson leads in the Music Industry

Posted by Meraj Chhaya, Editor-in-Chief
on Jan 19th, 2008 GMT +2

w900 1 Sony Ericsson leads in the Music Industry

With over 145 million Walkman Series phones sold, Sony Ericsson affirmed it maintained leadership in the music phones' industry.

Nokia has their own music series, XpressMusic and Music Edition N-Series but according to Sony Ericsson, they were left behind.

In total, Sony Ericsson sold over 100 million handsets in 2007.

“Sony Ericsson finished a very good year, which highlighted how the company has strategically positioned itself to capture market share with an expanded product portfolio. Investments are being made in both R&D and brand building, to deepen the portfolio and strengthen Sony Ericsson’s presence in new and developing markets around the world. Our target remains to become one of the top three players in the industry, and the momentum we established in 2006 and 2007 makes this a realistic and achievable ambition,” said Dick Komiyama, President of Sony Ericsson.

Here is the official data from the financial achievements of Sony Ericsson:

16 January 2008 Q4 Highlights:

  • 18% increase in volume year-on-year
  • Continued market share gains and profitable growth
  • Continued investment for the future

2007 Highlights:

  • Over 100 million units sold – more than double global market growth rate
  • Margins remain strong as company shifts to broader portfolio
  • Unit growth underpinned by increased sales of lower priced phones
  • 145 million music enabled phones sold to date, of which 57 million were Walkman® phones – maintaining leadership in music

The consolidated financial summary for Sony Ericsson Mobile Communications AB (Sony Ericsson) for the fourth quarter ended December 31, 2007 is as follows:

 

Q4 2006

Q3 2007

Q4 2007

2006 FY

2007 FY

Number of units shipped (million)

26.0

25.9

30.8

74.8

103.4

Sales (Euro m.)

3,782

3,108

3,771

10,959

12,916

Gross Margin (%)

29.0%

30.7%

31.8%

29.1%

30.6%

Operating Income (Euro m.)

484

393

489

1,257

1,544

Operating Margin (%)

12.8%

12.7%

13.0%

11.5%

11.9%

Income before taxes (Euro m.)

50li2

384

501

1,298

1,574

Net income (Euro m.)

447

267

373

997

1,114

Average Sales Price (Euro)

146

120

123

146

125

SOURCE: SONY ERICSSON

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