Friday, January 29, 2016

Sony Made $1 Billion in Profit During Q4, but Still Losing Mobile Sales

Sony's Made $1 Billion in Profit During Q4, but Still Losing Revenue in Mobile

Sony has just released their financial report for Q4 2015 and revenue still seems to be dropping for their mobile division. The overall company brought in $1 billion in profit, but they saw a 13% year-over-year decrease in sales. Sony Mobile was able to increase operating income to $201 million thanks to reduced spending in marketing, research and development.

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