Camera Phone Reviews

'Two of the world's leading mobile phone makers, Samsung Electronics and Sony Ericsson, reported steep tumbles in profit yesterday, accelerating a slide in technology stocks worldwide.

Both companies said harsh competition hurt their results. Samsung's first-quarter net profit sank 52 percent, to 1.50 trillion won, or $1.47 billion. Sales fell 4.2 percent, to 13.81 trillion won, or $13.55 billion.

At Sony Ericsson, quarterly net earnings plummeted 61 percent, to 32 million euros, or $41.02 million, while sales were 1.29 billion euros, or $1.65 billion, down 4 percent.

The results sent chills through consumer electronics shares in Asia and Europe as well as on Wall Street, where I.B.M.'s poor results Thursday had already hit the market. Samsung fell 2.09 percent, and the two companies that make up Sony Ericsson also fell. Sony dropped 2.65 percent and Ericsson was down 3.35 percent.

Motorola and Nokia, which will report next week, dropped 2.12 percent and 1.4 percent respectively. The Nasdaq stock index, which contains many technology companies, fell 38.56 points, or 1.3 percent, to 1,908.15 yesterday.'

Read more at 2 Mobile Phone Makers Report Declines in Profit