Sony Ericsson Preps Investors for Gloomy Q2

Sony Ericsson, the world’s fifth-largest maker of mobile phones, warned Friday that its second-quarter profit and sales figures would miss forecasts due to a combination of lower demand for higher-profit handsets and product delays. The company — a joint venture between consumer electronics giant Sony and communications gear maker Ericsson — cited moderating demand for mid- and high-end handsets as well as difficulty in getting new products to market during the quarter as planned.