Sony’s Q4 financial report is out now and as like of the all other quarters Q4 remains same for smartphone segment. Well, Smartphone images sensors does well due to vast demands from small mobile manufacturing companies in developing nations.
Video game sales and cost cuts in Sony’s flagging mobile unit pushed October-December operating profit up 11 percent, beating analyst estimates.
Calculating the Sony Q4 report in numbers, Sony grew 33 percent over the year to reach ¥120.1 billion ($1 billion).
Some words from Sony:
Operating income increased 13.8 billion yen year-on-year to 24.1 billion yen (201 million U.S. dollars). This significant increase was primarily due to an improvement in product mix reflecting a shift to high value-added models, as well as reductions in costs including marketing, research and development and other selling, general and administrative expenses, partially offset by the above-mentioned decrease in smartphone unit sales and the negative impact of the appreciation of the U.S. dollar, reflecting the high ratio of U.S. dollar-denominated costs. During the current quarter, there was an 18.8 billion yen negative impact from foreign exchange rate fluctuations.
Sony also said October-December sales of devices, including image sensors, fell 13 percent from a year earlier. Well, operating income increased from ¥10.4 billion ($86 million) to ¥24.1 billion ($199 million) over the year.
The company maintained its outlook for full-year operating profit to grow to JPY 320 billion from 68.5 billion in the previous year.
Follow Us on our Channels: