Losing market share, Sony Ericsson said its sales fell 42% year-on-year to 1.62 billion euros in the third quarter as its handset shipments fell 45% year-on-year to 14.1 million.
Sony Ericsson forecast that the global handset market will contract 10% in 2009 from about 1.19 billion units in 2008. The company estimated that its market share in the third quarter was 5%. source: Sony Ericsson statement
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