Sony sells 12 million smartphones in Q4 2014, reviews yearly losses

Sony has forecasted a yearly loss of 230 billion yen ($2.1 billion) in September 2014, but the last three months of the year 2014 have allowed the company to compensate net loss forecast for the year to up to 170 billion yen ($1.4 billion). The manufacturer recorded a net profit of 89 billion yen ($756 million) in the last quarter, which is a jump of 238 percent from the last year.

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The company’s operating profit for the quarter is being forecasted at 178.3 billion yen ($1.51 billion), which is almost twice of what it managed a year ago. The total revenue is set to rise by 6 percent year-on-year with sales aggregate of 2.56 trillion yen ($21.7 billion). Sony’s mobile unit managed sales of 12 million during the quarter, which is a gain of 27 percent from last year, and an operating profit of $80 million.

While the mobile unit is witnessing a year-after-year increase in sales figures, Sony has declared that it would be enterprising a restructuring task that would have an effect on a total of 2,100 employees for being laid off. Hiroki Totoki, Sony’s mobile division, has mentioned that the manufacturer would be consolidating its smartphone lineup in 2015.

Sony has anticipated a per annum increase of 17 percent in revenue to 531.5 billion yen ($4.4 billion) for its gaming division, mainly involving the sales of the PlayStation 4 in the holiday season. Revenue fetched from the image sensor business by the manufacturer is also expected to stand at 292.9 billion yen ($2.42 billion), an increase of 38.6 percent from last year.

Lastly, the company has also mentioned that it is saving aside $15 million in the name of “remedial costs” for the redressal of  Sony Pictures hack last year.