Sony Ericsson suffers third straight loss in Q1

The result was the third consecutive quarterly loss for the Sony and LM Ericsson joint venture, which reported a profit of 133 million euros ($174 million) in the same period in 2008.

Sales in the January-March quarter tumbled by 36% to 1.7 billion euros ($2.2 billion), from 2.7 billion euros ($3.5 billion) a year earlier.

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