In contrast to the Sprint-Nextel and Siemens-BenQ disasters, the merged cellphone business of Sony and Ericsson seems to be doing quite well.
Third-quarter net profit for the joint venture nearly tripled as several hit products helped the company capture market share. Net profit rose to $373.6 million, thanks to high demand for its improved camera and music phones. Revenue jumped 42%. They shipped 19.8 million phones in the quarter, up 43% from 13.8 million a year earlier.
The company said it gained about one percentage point of market share as a result of the strong sales, bringing its global market share to 8%. (info from The Wall Street Journal)
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