
Citing intense competition, price erosion and restructuring charges, Sony Ericsson reported Q4 2011 sales of EUR 1.3 billion, down 16% year-on-year and 19% quarter over quarter. The year-on-year decline reflects the decrease of feature phone sales which was only partially offset by an increase in smartphone sales. There was a net loss of EUR 247 million before taxes.Average selling price (ASP) for the quarter was Euro 143, up 5% year-on-year but...