Sony’s mobile business is now small enough to not be losing money
After years of struggles from its phone division, Sony has finally figured out how to break even: by shrinking everything dramatically and benefiting from favorable exchange rates. The Japanese company today reports a slender quarterly profit of ¥21.2 billion ($205 million), though the highlight is that its perennially struggling mobile group is now in the black by the slimmest of margins.
At this point last year, Sony was reporting a profit four times larger and was, overall, doing much better than it is today, albeit hamstrung by smartphone losses. The good news now is that, with a ¥400 million ($4 million) profit, Sony’s mobile division is actually accretive to the company’s fortunes. The bad news is that, as Sony explains, "during...
Sony’s mobile business is now small enough to not be losing money
Read More
Sony’s mobile business is now small enough to not be losing money
![Sony’s mobile business is now small enough to not be losing money]()
Reviewed by Unknown
on
1:23 AM
Rating:
No comments: