Ericsson’s profits hit by slowdown Mobile phone giant Sony Ericsson has said it expects only slight growth in 2010 as last year’s losses met expectations.
The handset and chip maker reported a fourth quarterly pretax loss of 190 million euros for 2009.
The firm has had a grim time following the global downturn as consumers hold back on buying expensive new gadgets.
More about: Ericsson, Sweden, TelecommunicationCopyright © 2012 euronews
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