PlayStation 4 consoles are flying off the shelves for Sony
Japanese tech giant Sony has reported a 33.6bn yen ($278m) profit just a year after reporting a 136bn yen loss. The company is seeing strong demand for its PlayStation 4 and image sensor products but is struggling in smartphones.
The earnings were boosted by a weaker yen against the US dollar.
Overall revenues were down slightly by 0.5pc to 892.7bn yen ($15.7bn).
Sony’s Games and Network Services Group saw sales rise 16.5pc driven by demand for PlayStation 4 products.
Sales were also up in Sony’s Imaging Products & Solutions (IP&S) group.
But Sony Mobile revenue fell by 15pc to 279.2bn yen ($231m).
“In the Mobile Communications segment, sales decreased primarily due to a significant decrease in smartphone unit sales resulting from a strategic decision not to pursue scale in order to improve profitability,” Sony said.
PlayStation 4 image via Shutterstock
