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Sony Ericsson House, 202 Hammersmith Rd. London W6 7DN, United Kingdom Tel. +44-208-762-5800 Fax +44-208-762-5887 |
Type: Joint Venture
On the web:
http://www.sonyericsson.com
Sony Ericsson Mobile Communications wants to build a better voice trap. The joint venture between Japan-based consumer electronics maker Sony and Sweden-based Ericsson combines the cell phone operations of both companies. It was established to draw on the wireless technology of Ericsson, the world's leading maker of wireless network equipment, and Sony's expertise in developing popular consumer gadgetry; the companies phased out their separately-branded phones in favor of co-developed models. Sony Ericsson is squared off against such cell phone stalwarts as Nokia and Motorola, as well as Samsung (a relative newcomer to the industry). Sony and Ericsson each own half of the venture, which was founded in 2001.
Key numbers for fiscal year ending December, 2007:
Sales: $19,011.1M
One year growth: 31.5%
Net income: $1,639.7M
Income growth: 24.7%
Officers:
Chairman: Carl-Henric Svanberg
President: Hideki (Dick) Komiyama
Head of IT: Bruce Meier
Competitors:
Motorola, Inc.
Nokia
Samsung Electronics
