SONY Ericsson is expected to announce its financial statement of the fourth quarter of 2008, on January 16. The results of the communications giant, which has spread its wings in Africa, will be announced by the company’s president Dick Komiyama in London.
Following a challenging year, Sony Ericsson previously announced that its target remained to reduce operating expenses by 300 million Euros annually by the end of the second quarter of this year.
“As expected the third quarter has continued to be challenging for Sony Ericsson. We have moved forward with our plans to align operations and resources with the consolidation of R&D facilities into a more agile and cost efficient organizational structure.
“As previously announced, our target remains to reduce operating expenses by 300 million Euros annually by the end of the second quarter 2009, with the full effects expected to appear in the second half of 2009.These plans are progressing in line with expectations,” said Komiyama, while announcing the company’s results for the third quarter of 2008.
Units shipped in the quarter were 25.7 million, which was increase from the corresponding period in 2007 but sales dropped by 10 percent during the period to 2 808 million Euros—ItNewsAfrica.com
