Sony's Latest Financial Report Is In The Black, But Mobile Sales Are DownBy cheatmaster 04:14 Mon, 26 Jul 2021 Comments
Sony's mobile business is definitely going through a rough patch recently and sadly things aren't really looking up, especially after the less than successful Xperia Z3+ flagship. Still, we shouldn’t be too worried about the Japanese tech giant, as its diverse business is hardly going under. On the contrary, the company's Q2 financial report cites a whopping $780 million in operating profits, which is a 39% annual increase.
This all comes from a quarterly revenue of $14.5 billion, which is 0.1% down on a year to year basis.
Among the best performers are the music division, which now generated profit of $256 million, up 173% year-on-year. The capturing camera sensor business has also been sprawling - up 164% to a total of $244 million. And finally, the real A-student has definitely been Sony's console business. It is up the whopping 350% and reeled in a total of $157 million during the quarter.
Sony claims that the PlayStation 4 has been outselling the Xbox one on an international scale. Console sales are up for another major boom, with China's 14 year console ban coming to a close, so we expect even better sales in the months to come.
This all has proven enough to offset the poor performance of a couple of other Sony divisions, like Sony pictures, which has $94 million in losses. The mobile division has really been struggling with a loss of $184 million, 16% worse than the same period of last year.
Hopefully Sony will manage to turn things around as the new, proper, Xperia Z5 flagship arrives in the Fall.
Source | Via
Please LOGIN or REGISTER To Gain Full Access To This Article