Mobile phone maker Sony Ericsson has posted a break-even third quarter, with profits shrinking because of lower margins, partially offset by lower operating expenses.
Net profit fell to 0 from €49 million in the same quarter last year, while sales dipped slightly to €1.59 billion ($2.18 billion), from €1.6 billion a year earlier.
Sony Ericsson said Friday its Android-based Xperia smartphones now account for more than 80 percent of its sales. It said it will shift its entire portfolio to smartphones next year.
The joint venture between Sweden's LM Ericsson and Japan's Sony Corp. said it estimates that it controls about 11 percent of the global Android-based smartphone market.