Sony Ericsson Posts $299 Million Q2 2009 Loss

Sony Ericsson has just disclosed that the company posted a $299 Million net loss during the 2nd Quarter of 2009. Some analysts blame this on the company lack of enough focus on smartphones, which is one of the 'in' gadgets these days, and of course, on the global financial crisis.

On a brighter note, the $299 Million loss is not as bad as the prior $382 million.

And if you're wondering or worrying: There hasn't been any talk on more job cuts.


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