Author Topic: Sony predicts 6.5 million smartphone sales for a full year  (Read 9830 times)

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Sony predicts 6.5 million smartphone sales for a full year
« on: February 04, 2019, 06:43:51 AM »

The final calendar quarter of 2018 was a tough period for smartphone vendors in general and major companies like Apple, Samsung, and LG in particular. Sonyís mobile business didnít do very well between October and December either, but luckily for the Japan-based tech and entertainment giant, several of its other divisions were profitable enough to offset the Xperia familyís latest big losses.

While overall sales and operating revenue were down for Sonyís third quarter of the 2018 fiscal year compared to the October - December 2017 timeframe, operating income (aka profit) surged from 350.8 to 377 billion yen ($3.46 billion) year-on-year.

The biggest money earners were the music, gaming, and home entertainment departments of the multinational conglomerate corporation, while the mobile communications (MC) division was the only one that generated less than it spent during the holiday season.

Quarterly smartphone sales declined a heartbreaking 37 percent or so compared to 2017ís fourth calendar quarter, from 217.5 to 137.2 billion yen ($1.2 billion), yielding a substantial loss of 15.5 billion yen ($142 million) after generating 15.8 billion yen in profit the year before.