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.
Why thank you thank you. :) I thought about changing it but I guess I'll keep it now unless some rabid Sony fanboy gets me banned...again lol
Awww... music to my ears and so True! Sony Rocks Nay Sayers! Hehe
Can't really blame the guy for being doubtful, though - I'm not surprised that even the most biased fans are beginning to run out of trust. This is a good sign as being a brand-tied fanboy isn't really healthy behavior. Also, I must say - nice nickna...