Sony Ericsson posts $300M loss as sales sink

Sales of Sony Ericsson mobile phones continued their slide in 2nd-Q , leading to its posting a loss of $300M, handset maker reported. A year ago, it reported a 2nd-Q $8.4M profit. Revenue for 2nd-Q of '09 was $2.3B, down 40% compared to the 2nd-Q '08. The London-based handset maker, which has North American headquarters in Morrisville, shid 13.8M phones in the quarter, down by 43% from the 2nd-Q '08. It attributed the falls to the challenging market conditions, particularly in Latin America.