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Friday, August 2, 2013

A profitable quarter for Sony

Sony’s latest quarterly results show the company making a ¥3.5 billion (£23 million) profit, compared to a loss in the same quarter last year. Sales and operating revenue was up 13% to ¥1,712.7 billion (£11.3 billion), with favourable exchange rates, financial services revenue and smartphone sales being credited for the improvement.

At the Mobile Products & Communications business segment, sales were up 36% and smartphone shipments were up by 30% to 9.6 million units during April, May and June. The company aims to sell 42 million smartphones in its current financial year, up from last year’s total of 33 million.

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