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

Follow Us

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.

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.

Aviation and Fintech News

Recent Comments

Notify of
oldest most voted
Inline Feedbacks
View all comments