Sony Ericsson reports results for Q4 and 2008

Highlights:

1. Global economic slowdown leads to contracting consumer demand
2. Previously announced annual Euro 300 million cost savings on track Initiated additional Euro 180 million annual cost savings
3. Joined the Open Handset Alliance and developing new phone using Android Open Source software
4. Successful rollout of Xperia™ X1, Cyber-shot™C905 phones and PlayNow™ plus music service

London, UK - The consolidated financial summary for Sony Ericsson Mobile Communications AB (Sony Ericsson) for the fourth quarter and full year ended December 31, 2008 is as the following table



[tags]xperia, android,sony ericsson mobile,ericsson mobile communications,global economic slowdown,sony ericsson mobile, communications,sony ericsson mobile communications ab,open source software,playnow,year ended december,music service,cyber shot,rollout,london uk,x1,fourth quarter,xperia,december 31,handset,sony[/tags]