THE RESULTS: Mobile phone maker Sony Ericsson posted a break-even third quarter Friday. It blamed the drop in earnings on higher taxes and lower margins.
STRATEGY SHIFT: The company also announced that it is shifting its entire portfolio to smartphones next year.
ITS PRODUCT LINE NOW: Sony Ericsson’s Android-based Xperia smartphones now account for more than 80 percent of its sales. That was reflected in a 9 percent decrease in units shipped but an 8 percent hike in the average selling price of a Sony Ericsson phone.