Sony Ericsson warns of deepening losses

The Sony Ericsson C905.

(Credit: Sony Ericsson)

Sony Ericsson has warned of worsening losses in its upcoming quarterly financial results, blaming weak consumer demand for a drop in sales.

In a statement released by the handset  nike air max trailbreak maker Friday, Sony Ericsson said its results for the first quarter of 2009 would probably reflect losses of 340 million to 390 million euros ($460 million to $528 million). T air classic hose results will come out on April 17. In the previous quarter, the company lost 187 million euros.

Sony Ericsson estimated it would ship around 14 million handsets during the quarter, with an average selling p nike air max tailwind rice of 120 euros.

Gartner analyst Carolina Milanesi said in a separate statement that the global handset market "continues to be challenging," despite some signs of quart air max90 er-on-quarter improvement in China and India.

"Imaging and music are now features that most vendors have in their portfolio and this is making it more difficult for Sony Ericsson's product cheap air max shoes s to stand out," Milanesi said. "Increased competition in Western Europe coupled with a slower market and the delay in adopting touchscreen devices are heavily impacting Sony Ericsson's performance."

In  air solas January, Milanesi warned that 2009 would be a deciding year for Sony Ericsson, after the manufacturer announced its losses for the fourth quarter of 2008. A week later, Ericsson--one of the join nike air max wright t venture's two parent companies--cited a "dramatic drop in the contribution" from Sony Ericsson as one reason why its profits for that quarter showed a 31 percent year-on-year fall.

David Meyer of ZDNet  air 97 UK reported from London.

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