Sony Mobile records profit in Q1 2017, ships 3.4 million smartphones

Sony's smartphone shipment stood at 3.4 million with 300 percent increase in operating profits & 15.2 percent improvement in year-on-year revenue

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Highlights

    • Sony smartphone shipment stood at 3.4 million
    • The company saw 300 percent increase in operating profits
    • Mobile revenue fell by 3 percent

Sony’s mobile division on Tuesday announced its earnings for the first quarter of its financial year 2017. The results were reported for the quarter that ranges for the three months ending on June 30. The total Sony branded Android smartphones shipment stood at 3.4 million shipped, a 10 percent increase from 3.1 million shipments that Sony reported last year.

The company’s operating profits and overall income saw gains with over 300 percent increase in operating profits (up to 158 billion yen) than the same quarter last year. It also saw a 15.2 percent improvement on year-on-year revenue to 1,858 billion yen. Mobile revenue fell by 3 percent and Sony attributes that it was due to a change in ‘product mix’. However, the operating profits as posted by the company for the quarter was ‘significantly’ up at around 3.6 billion yen. Sony says that increment was mainly due to lower operating costs and R&D expenses.

Sony’s Games and Network services income, declined 26.3 billion yen year-on-year to 17.7 billion yet mostly due to the absence of the significant contribution of a highly profitable first software title released in the same quarter last year, the report cited. Further, semiconductor sales increase 41.4 percent year on year to 204.3 billion yen for the quarter, and the company says that it was primarily due to significant increase in unit sales of image sensors for mobile products. As per the report, the Taiwanese tech company took nearly 27.5 billion yen operating revenue during the quarter from the sale of manufacturing subsidiary Sony Electronics Huanan.

Sony’s financial result for quarter mark a gradual improvement compared to last year’s 42 percent year on year drop in operating revenue which was partly due to the ‘deterioration of operating results’ in the semiconductor segment. The company is said to be restructuring its efforts and shift its focus on ‘small scale products’ such as camera sensors, consoles etc.