It seems that woes continue for the merger between Sony and Ericsson. Despite selling half a million handsets more than they did in the Q4 of last year they still registered a loss of 167 million euro. The company's tedious restructuring has continued and has consumed 150 million euros. This move is supposed to save about 800 million euros in the end as for now, is hurting the balance sheet.The full 2009 financial report of Sony Ericsson shows that the company managed to ship 57.1 million handsets (41 decrease compared to 2008) for an average price of 119 euro (2.5% increase). The net loss for the period totals 836 million euro. Since, the net cash position of the company stands at 620 million euro, the company can not afford to have another year like this one; so, lets hope that the company makes a miraculous comeback.
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