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Sony see profits from smartphones with over 9.6 million units sold

Sony's smartphone business generates profits of $60 million, over 9.6 million units sold (NYSE:SNE)

| Business, Financial & Legal News | Posted: Aug 2, 2013 10:30 am

It looks like Sony are starting to make some money from their smartphone business - and so they should - they've been releasing some great smartphones lately, such as the Xperia Z, and the new Xperia Z Ultra.

 

TweakTown image news/3/2/32093_09_sony_see_profits_from_smartphones_with_over_9_6_million_units_sold.jpg

 

Sony's latest earnings report showed that the Japanese company sold 9.6 million smartphones in the last quarter, a huge improvement year-over-year for the same quarter in 2012 of just 7.4 million units. As for the business side of things, Sony made a $60 million profit in their smartphone division, which is a stark contrast to the same quarter of last year, which saw them gobble up a $28.1 million loss.

 

This might not sound like much, but this is big for Sony considering the strong competition in Apple and Samsung. These two companies secure most of the profits in the smartphone market, and Sony are making waves pretty quickly if you ask me.

NEWS SOURCE
Bgr.com

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