Sony Ericsson’s net income dipped a whopping 48% to $212 million, while revenue was down 7% to about $4.3 billion. Average selling prices declined sharply to $192, from $213 a year-ago. The company said it held 8% global market share in the first quarter, down more than a point from the full year in 2007. This is a disappointment because everything is pointing to a double digit growth for the quarter which would indicate Sony Ericsson isn’t keeping pace with the market.
Many analysts are pointing to the fact that Sony Ericsson’s high end models have smaller screens time when larger displays are in great demand. Nokia is also falling into this same trap with few models that seem to be what the high end user is looking for.