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.
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