Opinion on  Sony Corp (SNE)     Sector: Consumer Cyclical  >  Industry: Audio & Video Equipment
Sony Ericsson(SNE) in Troubles

Following up disappointing earning results from both Research in Motion (RIMM) and PALM last week, Sony Ericsson Mobile Communications AB issued another profit warning Friday, saying second-quarter sales and profit would be hit by slowing demand and a delay in shipping new products.

The profit warning is the second in as many quarters as the mobile-phone maker continues to be hit hard by a weakening economy in Western Europe, hurting demand for the mid- to high-end handsets it specializes in. In contrast, rival Nokia Corp. has a much broader portfolio of devices in the low and midtier segments, as well as higher sales in emerging markets. Battle for smartphone market share pressures margins.

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