Grim outlook: Sony's mobile division continues to bleed red ink, 7.1% slip in profits expected by 2016
Well, Sony just revealed that it has scored an 11% increase in terms of device sales in comparison with the same period a year ago. The cited reasons for this beneficial increases in sales' figures are the improved device portfolio across all tiers, the emphasizing on high-end devices, as well as the beneficial effect of "foreign exchange rates".
Sony expects to score sales and operating revenue of 1.3 trillion yen ($11 billion) for the remainder of 2015 and the first three months of 2016, which will be 7.1% less in comparison with the company's 2014 results. On the bright side, it won't lose as much money as it did in 2014, too - a $328-million (39-billion yen) loss for the fiscal year that will end on March 31, 2016, is expected by the manufacturer.