Sony Ericsson Q1 results are out!

Sony Ericsson announced their financial results for the first quarter of 2011. The company is forming a very tight bond with Android and smartphones account for over 60% of the total phones shipped.

This has driven the Average Selling Price (ASP) to €141 ($200), up 4% sequentially, and the gross margin went up to 33%. Sony Ericsson estimates it has a 5% market share for smartphones.

The total number of units shipped by Sony Ericsson fell to 8.1 million. A drop was expected after the holiday season and has mainly affected the feature phone sales. The new Sony Ericsson Android models came in a bit late to have a major impact on the first quarter sales, so we will have to wait until Q2 to see what kind of impact they will have.

Still, including this quarter, Sony Ericsson has been profitable for over an year and the net income went up to €11 million (compared to €8 million for Q4 of 2010, down compared to €21 million for Q1 of 2010). This is also the first quarter without restructuring charges in quite a while now.