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Thursday, August 2, 2012

Quarterly results for Sony

Sony has published results for the first quarter of its financial year, with sales up 1.4% year-on-year to 1,515.2 billion yen (around £12,448 million). However, part of this increase was due to its creation of Sony Mobile from the Sony Ericsson venture. Operating profit fell by 77% to 6.28 billion yen

Sony’s Mobile Products & Communications division saw sales up 132.9% year-on-year to 285.6 billion yen. If Sony Mobile had existed in the same form last year, this figure would have increased by around 14%. The company says the increase was mainly due to its move towards selling smartphones and the higher average selling prices of these phones.

[Results presentation]

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 685

Tags: smartphonesony

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