May 29, 2009 / 11:42 AM / in 9 years

Sony Ericsson CEO sees mobile market recovery Q4

LONDON, May 29 (Reuters) - Sony Ericsson Chief Executive Hideki Komiyama told Reuters in an interview that he expected the global mobile phone market to grow from Q3 or Q4 2009, but it was “hard to say” whether his company needed extra funds.

    “It’s difficult to say definitively (whether the market has bottomed) but I can see the trend,” he said.

    “There is probably signs of improvement, but it is still a weak recovery. I can see the recovery will start mid-Q3 to Q4, then we might have a fair chance to see this start growing,” Komiyama said.

    “I don’t know if we will need it or not” he said, referring to Sony Corp’s <6758/T> prediction that its joint venture with Ericsson (ERICb.ST) would seek at least 100 million euros ($139.9 million) in funds. [ID:nT233576] (Reporting by Gerard Wynn; editing by Rupert Winchester)

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