Sony-Ericsson Lifted by Smartphones and Currency Movements

Handset maker Sony-Ericsson said its second-quarter sales were 1.76 billion euros, up 4% year-on-year, even though shipments fell 20% year-on-year to 11 million. Its average selling price rose 31% year-on-year to 160 euros due to stronger sales of smartphones, as well as favourable currency movements. source: Ericsson statement