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"Sony Ericsson had a miserable fourth quarter, posting a $317 million loss in the three month period as it struggled to compete against its smartphone rivals, deliver on price and restructure the business following its sale to Sony.\r\n\r\nThe smartphone maker, which issued its guidance ahead of its full\u00A0fourth\u00A0quarter report on January 25, added that &amp;quot;unfavourable macro economic conditions&amp;quot; and effects from the\u00A0flooding in Thailand impacted its results, compounding the fact that the company is selling considerably less smartphone units than Apple and Android smartphone-making rivals Samsung and HTC.\r\n\r\nAs a result, Ericsson's share in Sony Ericsson's income amounted to -$160.8 million in the last quarter.\r\n\r\nOn October 27, Sony bought out Ericsson\u2019s 50% stake in the Sony Ericsson joint venture for \u20AC1.05 billion ($1.29 billion), making the company a wholly-owned\u00A0subsidiary\u00A0of Sony.\r\n\r\nSony said that it will integrate the mobile company into its electronics divisions, merging\u00A0the company\u2019s smartphones into its rich product lineup, which already includes tablets, TVs and PCs, also licensing the handset maker\u2019s patents that cover \u201Cfive essential patent families relating to wireless handset technology\u201D.\r\n\r\nSony is working to drop the Ericsson brand from the Sony Ericsson name, moving forward to release its own-brand devices in the coming months."^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/mobile/2012/01/19/sony-ericsson-attributes-its-317-million-q4-loss-to-intense-competition-price-erosion/>