Sony yearly phone sales increase 39.3%

Sony yearly phone sales increase 39.3%

Sony’s smartphone business is growing, helping the company increase its sales by 39.3% compared to the same period last year. However, not all is nice for the Japanese giant with its other divisions struggling to keep up.

In total, Sony cut its annual profit forecast down from 50 to 30 billion yen (roughly $300 million), due to multiple flops from its movie department.

Camera sales dropped 6.9%, accounting for a loss of $24 million. Meanwhile, TV sales are up, but the division still lost $123 million in the last quarter. The image sensors and components continue to make money with an operating income of $122 million for Q2 2013.

When it comes to PlayStation, that department made a loss of $8 million, which was blamed on “strategic price reduction” of the Vita handheld. Sony still managed to sell 2 million new PS3s in the last quarter and it hasn’t changed its predictions for the gaming arm…

[Via: Engadget]

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