Sony Quarterly Results Sees Mobile Segment Grow 94 Percent
Sony announced their financial results for their third fiscal quarter, which saw improvements in the Japanese company. Loss was narrowed down to $115 million, which is much, much less than the huge $2 billion loss they had in the same quarter a year ago.
Sony’s overall operating profit was $496 million and revenue gret 7 percent over the holiday quarter year-on-year, to $21 billion. The mobile segment of the company grew 94.4 percent, mostly because of the consolidation of Sony Mobile, from Sony Ericsson. Sony also believes that a portfolio shift to smartphones from feature phones, would increase sales “approximately 10 percent.”
Sony states that they are on the road to turn a profit of $214 million for the entire fiscal year, with annual sales hitting a total $70.6 billion.
Hopefully Sony will manage to keep the good times going along.