After five consecutive quarters of profit, mobile phone maker Sony Ericsson posted it first loss since 2009 in the second quarter of 2011, Reuters recently reported.
According to the news provider, Sony Ericsson saw a pre-tax loss of $59.5 million during the quarter after selling only 7.6 million phones. The company noted that a large part of the loss can be attributed to the earthquake and tsunami that hit Japan in March.
Though the company is headquartered in London, many of its parts come from Japan. Sony Ericsson had originally expected to sell between 8 million and 11 million phones during the quarter, but supply chain constraints stemming from the natural disasters reduced that figure by an estimated 1.5 million.
Sony Ericsson president and CEO Bert Nordberg told the news provider that the effects of the earthquake would be minor in the third quarter, and he expects the company to rebound during the second half of 2011.
While Sony Ericsson may have failed to meet expectations, fellow smartphone maker HTC reportedly exceeded its revenue goals last month. The Taiwanese company posted its highest monthly sales in June, with year-over-year sales increase of 87.8 percent.
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