Sony today outs its Q2 2012 financial reports which state that Sony is recovering from its loses. As according to figures Sony has sold 8.8 Million smartphones in Q2 of 2012 which was 7.4 million in previous quarter. Sony narrowed down losses to $198 million on $20.5 billion of total revenue in Q2 2012.
The report states that “growing sales and improving the profitability of the smartphone business are pressing issues for Sony”. Looking forward, Sony said that it expects full-year mobile segment sales to be lower than it had previously suggested, primarily due to the lowering of its annual sales forecasts for PCs.