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Sony Ericsson sees continued market challenges


Sony Ericsson, the 50/50 joint venture between Ericsson and Sony Corporation, has announced that the company sees continued market challenges impacting sales and profit in the second quarter 2008.

Sony Ericsson expect to ship approximately 24 million phones during the second quarter of 2008 with an estimated ASP (Average Selling Price) of EUR 115. Gross margin is expected to decline both year over year and sequentially. Net income before taxes is estimated to be about break-even for the second quarter of 2008.