Sony’s quarter profits are no longer looking bad

POSTED BY on Feb 7 under Mobile & Web News

It has been a few bad years for Sony, with a business structure that was not working efficiently and slow sales getting in their way.

But things are beginning to brighten up in the third quarter report.

The company is reporting an operating revenue of $535 million, up from a billion operating loss.

Sony still saw a $127 million net loss, after taxes but it is certainly better than in 2011.

The company still feels confident enough in its achievements to stick with its profit forecast of $1.5 billion.

Sony’s sales have increased by 7%, mostly due to their motion pictures and mobile divisions.

Most of Sony’s businesses saw reduced sales – the mobile division increased by 95% and its movie division by 30%.

For the company to turn the ship around, they must do something to increase its TV, game and camera division sales which are dramatically dropping.



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