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Sony Ericsson Returns To Profit

Sony Ericsson has returned to profitability in 2010 thanks to a range of Android powered devices and job cuts.

However, the company's portfolio restructuring and axed production units have caused its market share and total handset shipments to drop over the year.

Sony Ericsson shipped 43.1 million handsets in 2010, 23 per cent less than the 57.1 million it had shipped 2009.

Even though the company returned to profitability in 2010, its fourth quarter results failed to impress Wall Street pundits. Sony Ericsson reported a net income of $10.8 billion in the fourth quarter after selling 11.2 million handsets.

Company president and chief executive Bert Nordberg, said in a statement: “2010 was a turnaround year for Sony Ericsson. Our four consecutive quarters of profit reflect the success of our shift towards an Android-based smartphone portfolio.”

The company promises a blockbuster 2011 with the launch of a number of Android powered smartphones, including the recently unveiled Xperia Arc Android 2.3 device, which will be shipping to consumers in March.