Thursday, October 29, 2015

Sony Reports $230 Million in Profit as Smartphone Division Still Loses Money

Sony Reports $230 Million in Profit as Smartphone Division Still Loses Money

Sony’s latest quarterly reports show a modest profit of $230 million, down from $780 million in the previous quarter. While it doesn’t seem like much compared to other corporations, it is a great sign considering they saw a $1.5 billion loss last year. Sony Mobile’s revenue saw a drop of 15% down to $231 million with divisions like gaming, semiconductor and image sensors helping to prop up their overall profit.

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