Sony Ericsson reported its third-quarter results on Friday and while several figures suggest the company is on the upswing quarter-over-quarter, its net income and shipments were still down compared to the same quarter in 2010.The company shipped 9.5 million devices during the quarter, up 33% from the 7.6 million it shipped last quarter but down from the 10.4 million it shipped during the third quarter last year. It attributed the decline to fewer feature phone shipments as the company continues to pivot its focus to smartphones. Sony Ericsson’s Xperia family of devices accounted for more than 80% of its sales and 22 million such devices have shipped to date. ”We will continue to invest in the smartphone market, shifting the entire portfolio to smartphones during 2012,” Sony Ericsson president and CEO Bert Nordberg said. Net income for the quarter fell €49 million from the third quarter of 2010, but increased €50 million from the second quarter.
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