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In a recent interview with a Japanese daily, Sony CFO Nobuyuki Oneda has stated that the Sony Ericsson joint venture needs at least €100 million before March next year in order to keep going. How they’ll get the funds is yet to be decided, though. The main reasons for this financial deficit are believed to be the high return rates of handsets, the rather uncompetitive product portfolio, the falling demands and hence, the high losses in recent quarters. Bad news, indeed.

Source: Mobiwoo

Tags: financial-trouble

This entry was posted on Wednesday, May 20th, 2009 at 6:24 pm and is filed under news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.