Sales of its Android phones and internal cost-cutting helped Sony Ericsson returned to profitability in its fourth quarter. But overall sales were down, and results missed analysts' expectations.
For the quarter ended December 31, the Swedish mobile phone maker saw its net income hit 8 million euros ($10.8 million), a healthy swing from 2009's final quarter, which was hit by a loss of 167 million euros. Results were similar for all of 2010 as net earnings reached 90 million euros following a loss of 836 million euros in fiscal 2009.
Seeing 2010 as a turnaround year, the company … Read more