Continued strong demand for mobile phones helped Sony Ericsson post a profit for the second quartrer in succession.
The Japanese-Swedish joint venture reported net income of €43m for the quarrter, which ended 31 December, compared to a loss of €69m for the same period the preivous year.
Fourth-quarter net income, however, was below the €62m milestone figure reported in the third quarter of 2003.
In the fourth quarter, Sony Ericsson shipped eight million handsets, up 13% on the same period last year. Sales increased 16% year on year to €1.4bn from €1.2bn. Third-quarter sales racked up €1.3bn.
In 2003, units shipped reached 27.2 million, compared with 22.9 million the year before.
Sony Ericsson introduced extensive cost-cutting and restructuring measures to stem losses in the first half of 2003. It attributed its strong fourth-quarter performance to the continued success of its T610 mobile phone, and to the launch of new products in Japan.
The company has now established a more solid operational platform to continue sales growth and profitability.
Sony Ericsson was established in 2001 by Ericsson and Sony.
John Blau writes for IDG News Service
Read more on IT strategy
More mobile data traffic and network operators' attempts to manage that traffic better were not enough to save Swedish telecommunications equipment maker...