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Wireless

Sony doubles profit in FY despite lower results at mobile, less smartphones sold

Friday 26 April 2019 | 15:22 CET | News
Sony's net profit almost doubled for its full year to end March, jumping to JPY 916.3 billion from 490.8 billion, on revenues up 1 percent year-on-year to JPY 8.544 trillion. Earnings per share went higher to JPY 707.74 from 397.75. Results got a boost from games and network services, which offset the damage at mobile, where results were hit by less smartphone sales, inventory write-downs and restructuring charges. The number of smartphones sold fell in the year to a lower-than-expected 6.5 million, from 13.5 million the year earlier. Looking ahead to full year 2019, Sony is guiding for

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Categories: Mobile & Wireless
Companies: Sony
Countries: World
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