PlayStation and a strong dollar help Sony turn a profit

Twelve months ago, Sony was busy recalculating the losses it was expecting to report, due to its beleaguered mobile division. Today, the firm’s announcing a 33.6-billion yen ($278-million) profit thanks (once more) to PlayStation and its image sensor division. Overall revenues came in slightly lower than a year ago (down by 0.5), but a general uptick across the company’s many divisions has helped push it into profitability. Despite this, mobile sales continue to slide (down 15-percent this quarter). Sony’s Xperia brand is an expensive pastime, costing the company approximately $1.9 million per day in losses.

Source: Sony

Source: Engadget - Read the full article here

Author: Daily Tech Whip

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