Wednesday, July 31, 2013

Improving smartphone sales and a weaker yen help Sony to $35 million quarterly profit

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It may not be quite the windfall profit we're used to seeing from Apple or Samsung, but Sony has kept its financials on the positive side of the ledger over the last financial quarter — owing primarily to "strong" smartphone sales and a favorable shift in currency exchange rates. In the three months between April and June of this year, Sony saw both a "significant increase in unit sales" of its Android smartphones and an improved average selling price per handset. That's at the heart of the company's improvement in operational profitability.


The company's camera division didn't do quite as well, with sales down 10 percent relative to their income during the same period in 2012. Still, the imaging team brought in $82 million of Sony's...


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Source: The Verge - All Posts http://www.theverge.com/2013/8/1/4577762/sony-earnings-q1-june-2013

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