Sony Ericsson has warned it expects profits to be lower than previously expected for the first quarter of 2008 due to slow sales growth.
Having previously received analyst pre-tax profit estimates of 305 to 409 million euros, the company now expects 150 to 200 million euros to be a more realistic prediction.
“Moderating sales growth of mobile phone units is expected to negatively impact net sales and net income before tax for the first quarter of 2008,” said a statement from Sony Ericsson.
