April 19, 2011 – STOCKHOLM (Reuters) - Mobile phone maker Sony Ericsson posted a surprise first-quarter profit on Tuesday, despite supply chain disruption due to the Japan earthquake, and said higher margins had offset lower sales.
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Sony Ericsson, owned by Ericsson and Sony Corp., posted pretax profit of 15 million euros ($21.31 million) on sales of 1.1 billion.
Analysts in a Reuters poll had a mean forecast for a pretax loss of 24 million euros and sales of 1.3 billion.
Sony Ericsson had warned at the end of last year that a lack of new smartphones would make the start of the year tough.