Thursday, August 1, 2013

Smartphone sales push Sony back into profitability in Q1

Sony Xperia

Sony has published its Q1 2013 earnings report, showing a return to profitability for the Japanese electronics giant, partly off the back of stronger smartphone sales. Revenue increased 13 percent year-on-year to ¥1.713 trillion ($17.3 billion), and Sony made a profit of $35 million, versus a loss of $285 million in Q1 2012. The report attributed the change in fortunes to "the favorable impact of foreign exchange rates, an increase in financial services revenue, and an increase in unit sales of smartphones."

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Source: http://feedproxy.google.com/~r/androidcentral/~3/_axvZeLfauU/story01.htm

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