Sony Ericsson posted higher-than-expected earnings but the company's average selling price for its phones showed a steeper-than-forecast decline.

Sony Ericsson, owned by Ericsson and Sony Corp., said it made a pretax profit of 384 million euros ($542 million) versus 327 million euros in the second quarter and 427 million a year earlier.

Analysts surveyed by Reuters had expected third-quarter pretax profit of 358 million euros. The company had sales of 3.11 billion euros versus a forecast of 3.29 billion.

Sony Ericsson said the average selling price of its mobile phones, a key indicator for the firm's profitability, declined to 120 euros.

That was down from 125 euros in the second quarter and from 147 a year earlier. The market had predicted a third-quarter average selling price of 124.

By: DocMemory
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