Japan Earthquake Pushes Sony Ericsson To A Q2 Loss; Smartphones Account For 70 Percent Of Sales

Sony Ericsson released its quarterly earnings this morning, reporting a surprise loss for Q2 2011 and declining sales. The earthquake that hit Japan earlier this year has a lot to do with the slump, as it had a major effect on the company's supply chain. The quarter ended in a net loss of €50 million (roughly $70.5 million), compared to a net income of €12 million ($17 million) in the same quarter in the previous year, and €11 million ($15.5 million) in the last quarter.

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