Earlier today we reported to you that Nokia posted some pretty frightening numbers for for their Q2 profits and it seems that Sony Ericsson is in the same boat.

As a result of the shakey economy, SE was said to have shipped 13.8 million phones in Q2 of this year compared to the 24.4 million they shipped in Q2 of 2008. Furthermore, sales were down to €1.7 billion this year compared to last year’s €2.8 billion. To top it all off, they lost around €213 million in the same quarter.

President of Sony Ericsson, Dick Komiyama, comments on the hardships:

As expected, the second quarter was challenging and we still believe the remainder of the year will be difficult for Sony Ericsson. Our focus remains on bringing the company back to profitability and growth as quickly as possible, and our performance is starting to improve due to our cost reduction activities. The new product portfolio that integrates communications, entertainment and social media applications should contribute to healthier topline development when shipments start later this year. We remain confident that the actions we are taking will further improve our financial situation and strengthen Sony Ericsson’s competitiveness.

Let’s hope that Sony Ericsson, along with Nokia, return to greatness sooner rather than later.

Read (Sony Ericsson) via BGR