Mobile phone maker Sony Ericsson will focus entirely on the booming smartphone market, going head to head with rivals like Apple and underlining the importance of a tie-up with Sony amid reports the electronics giant is preparing a buyout. The company said on Friday it would shift all its production to smartphones during 2012 as […]
Ericsson Q1 profit surges on mobile broadband demand
Telecoms gear maker Ericsson blasted past first-quarter core profit expectations thanks to surging mobile broadband sales and said it would take until the third quarter to resolve Japan quake supply problems. Ericsson’s shares jumped almost 9 percent to their highest since last July, as sales soared on the back of a recovering tech gear market […]