Sony posted its financial results for the July-September period, and
they look promising. The latest update shows the Japanese company raked
in JPY2 trillion (about $18.25 billion) in revenue and managed to get a
net profit of $1.15 billion.
The most significant earners are the Semiconductors department,
which includes image sensors for mobile products, and the Game &
Network Services which accounts for the PlayStation 4 sales - both
hardware, and software.
Out of eight business segments for Sony, only one posted operating
loss - The Mobile Communications division. The numbers went from JPY3.7
billion ($32.4 million) of income in the same three months a year ago to
a loss of JPY2.5 billion ($21.9 million) now. Sales saw a positive
change of 1.9% in raw currency, but fell flat on a yearly basis because
of the unfavorable exchange rates.
Sony says “the deterioration was primarily due to a change in the
geographic mix of smartphone sales, an increase in the price of key
components, as well as the negative impact […] of the US dollar.”
The outlook for the fiscal year is more than promising for Sony. The
company expects to have an 11.8% rise in sales and operating income by
the end of March 31, 2018, or JPY8.5 trillion ($74.5 billion). Let’s
just hope the mobile division also goes up.
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