News by Josh Dasey on Thursday October 29, 2015.
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Sony has revealed its third quarter financial results and the date shows that the company's smartphone business continues to falter, while its image sensor division keeps flourishing.The Japanese company has repeatedly said it will not drop if Xperia brand and leave the smartphone hardware business, and with excellent new devices this year, the company certainly should have another go at getting it right. However, sales and income from smartphone have not picked up, and indeed it is the only Sony division not making money at the moment. Sony Mobile Communications lost $172 million off revenue of $2.33 billion, and while that is bad news, it is not a number that is irreversible. Sony showed coldness in culling its VAIO PC brand when it lost money, but the company seems to have more faith in Xperia. Elsewhere the company is improving after years of struggle, with the image sensor business positively thriving. It is up 16% year on year, bringing in $215 million profit in the third quarter from $1.5 billion revenue, offsetting the smartphone slip. Overall Sony had overall revenue of $15.8 billion, with net profit at $280 million and operating profit at $775 million.
Josh is our European editor, tackling news events, reviews, and new items from his UK home. As a former HTC marketing employee, Josh is close to the industry and bring his experience to MobileBurn.