Sony Ericsson Q3 slump buoyed by new financing, a rumored November launch for XPERIA X3

Bad news, good news, and potentially great news time, folks. First with the bad: Sony Ericsson posted another loss for its fiscal third quarter, to the tune of 164 million euro (about $244 million US), blaming a large chunk of that on a drop in sales. Sales dropped year-over-year 40 percent to 1.6 billion euro, and unit shipments comparably down 45 percent. That’s the bad, now what’s good for SE is that its secured more financial backing to reshape its future into something more profitable. External financing totals a reported 455 million euro ($676 million US), 255 million of which is already in the company’s position and 200 million as a two-year backup. SE also managed to beat analyst estimates, losing less than anticipated, and that’s gotta induce some bittersweet smiles in the corporate boardrooms… oh, the potentially great news? Well, SEMC blog has boldly announced that the Android-imbued Rachael (a.k.a. XPERIA X3) is due out this November, same specs as we heard before and two color options, Sensuous Black and Luster White. Unfortunately, we’re not seeing exactly where this news is coming for, so until SE speaks the magic words, we’re considering it a rumor for now — but we’re hopeful.

[Via GSM Arena; thanks, Gillz and Christo]

Read – Rachael in November?
Read – Sony Ericsson 3Q loss widens
Read – XPERIA X3 in the wild

Filed under: Cellphones

Sony Ericsson Q3 slump buoyed by new financing, a rumored November launch for XPERIA X3 originally appeared on Engadget on Fri, 16 Oct 2009 16:49:00 EST. Please see our terms for use of feeds.

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This post is tagged: 3q, 3q09, android, Business, ericsson, q3, q309, rachael, SE, Sony, sony ericsson, SonyEricsson, x3, xperia, xperia x3, XperiaX3