Sony Ericsson Q2 2006 profits up on Walkman sales

Jul 13 2006 - 11:21 AM ET | Sony Ericsson

Sony Ericsson reported a great second quarter thanks mostly to continued brisk sales of its Walkman branded line of mobile phones. Besides selling more of its own phones, Sony Ericsson updated its projection industry wide and is now expecting 950 million unit sales for the year, up from its original estimate of 900m.

Figures from the second quarter (all comparisons are made to the year ago quarter unless noted):

• Net revenue up 41% to €2.27 billion
• Net profit up 91% to €143 million
• Total phone shipments hit 15.7 million, up 33%
• 1/4 of Sony Ericsson's shipments were Walkman branded and the company has now hit the 10 million milestone with that category