Sony outs Q1 earnings report, firmly back to profitable thanks to smartphone division

Sony outs Q1 earnings report, firmly back to profitable thanks to smartphone division
Sony has just released its Q1 earnings report, the first for 2013, and it's a bearer of good news: the company is firmly back to profitability!

Overall revenue saw a massive increase of 13% year-on-year, at $17.3 billion, primarily due to the favorable impact of foreign exchange rates and smartphone sales. The Japanese giant recorded a rather frugal, albeit expected, net income of $35 million (which is still better than last year's net loss of $252 million).

The even better news is that it is the Mobile Products & Communications divisions that have re-invigorated Sony. Namely, revenue has increased 14% year-on-year (currency fluctuations excluded) to nearly $4 billion, largely because of a “significant increase in unit sales of smartphones and an increase in the average selling price of smartphones”. Sony moved some 9.6 million smartphone devices in Q1, a healthy increase from the 7.4 million handsets it moved in the same period last year. Operating income was at $60 million versus a loss of $285 million in Q1 2012. A small gain, but indicative of Sony's recovery and its increasingly relevant smartphone lines.

With the upcoming Sony Honami nearing launch and with its massive brother, the Xperia Z Ultra, already taking on the world, Sony may be well positioned for an even better report next quarter. Whether that turns out to be the case, however, remains to be seen.


source: Sony [1], [2]

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31 Comments

1. lee480 unregistered

PA is slow, Sony-biased as usual. "the company is back to profitability" It profited since the last quarter. And those reading the Xperia ZR review, here's a more fairer comparison, where they dont compare a mid range Sony ZR to Galaxy S4.http://www.gsmarena.com/sony_xperia_zr-review-959.php

3. _Bone_

Posts: 2155; Member since: Oct 29, 2012

sit down, junior

4. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Calm down, boy! We should feel happy for Sony, not complaining blah blah PA is biased.

23. TheLolGuy

Posts: 483; Member since: Mar 05, 2013

Sorry buddy, but last quarter doesn't count because of the devaluation of the Yen. All Japanese companies had this happening to them.

26. Commentator

Posts: 3723; Member since: Aug 16, 2011

I'm not sure why everyone is calling you "junior," "boy," and "buddy." You see more like a "pal."

29. akki20892

Posts: 3902; Member since: Feb 04, 2013

sony, honami will push you much up for sure........!!!

2. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Keep it up, Sony!

12. nobelset

Posts: 270; Member since: Oct 17, 2012

Abenomics is working I guess. Wait till the ps4 releases, they're going to be back in the game.

15. agnoropy

Posts: 8; Member since: Aug 01, 2013

playstation 4 already has a huge lead over xbox and in asia, xbox one will.enter next year late 2014 so till then playstation 4 will heavily make huge success and in japan still no launch for xbox one

5. agnoropy

Posts: 8; Member since: Aug 01, 2013

well done sony release xperia m and xperia c fast and the Most awaited Honami and you will sell.more than 10 million...

6. pyradark

Posts: 895; Member since: Jun 10, 2012

4 Billion with 9.6M unit sold. that means XZ 4.6M sold is TRUE!!!!! Well Done!! while others 10-12M unit sold with 2.4 Billion hahahahaha KEEP IT UP

7. pwnarena

Posts: 1129; Member since: Feb 15, 2013

PA says: A healthy increase in smartphone shipments, but is that forecast for the next two quarters realistic? I think you are looking at a full financial year forecast (42 million). If that's a quarter forecast, that's really impossible.

8. gazmatic

Posts: 822; Member since: Sep 06, 2012

good. this is good

9. sats.mine2k4

Posts: 208; Member since: Aug 10, 2012

Take that dumb wp fans.. stop saying only Samsung makes android...

13. Thefraggot

Posts: 21; Member since: Jan 09, 2012

Lol at you. Even with the mighty android sony just manages to outscore the dumb wp8 lumias ,but mere 1.2 million ?

14. agnoropy

Posts: 8; Member since: Aug 01, 2013

and nokia still in loss even after selling near 7 million and sony makes huge profit after selling 9.6 and dont forget lg sold near to 12 million and they are ranked 3rd so soon after honami and xperia c and xperia m sony will cross Lg.

17. sats.mine2k4

Posts: 208; Member since: Aug 10, 2012

Sony is probably 6th w.r.to no of smartphones sold in the Android world... So the 6th Android OEM outsells and makes a profit, the only WP maker sells less and makes a loss after almost 3 years of WP introduction... the worst part is that dumb like u still support it...

18. agnoropy

Posts: 8; Member since: Aug 01, 2013

and this progress is still without entering U.s which counts huge sales for other brands such as lg and samsung so sony needs to put its flagship and mid rangers on each network as much as possible

10. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Good going Sony, thanks to Sony Xperias and marketing team.

11. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

The review of Xperia ZR was very bad on PA but the same was very decent on gsmarena, exactly what users wanted.

16. livyatan

Posts: 867; Member since: Jun 19, 2013

Sony Honami will surely further fuel the upward trend, it is clearly the best specced phone to show up in stores in Q4.

19. ryq24

Posts: 876; Member since: Oct 17, 2011

Sony's problem before are Samsung, lg and iPhone. Now it's the cheaper Chinese brand like zte, hwawei and Lenovo that are going to put more pressure on them. Sony should improve their marketing or they will be back to loss!

22. pyradark

Posts: 895; Member since: Jun 10, 2012

U still on earth??? Sony doesnt need to rank itself on chart bcoz they are 3rd most profitable than LG and HtC despite the 9 Millions unit sold. Plus chinese company may sell 10M but theyre profit are 1 Billion due to cheap pricing compare to Sony 4 Billion.

20. MartyK

Posts: 1043; Member since: Apr 11, 2012

We told all you Nokia lovers and Elop, there is room aboard this mighty android ship, but no you want to listen to the MS crowds... good luck to you.

21. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

and idiot of the year goes to you, although your probably to stupid to collect your award the sad excuse sitting behind your account should go out and ask someone using a lumia why and then say your bs to them see where it gets you lol just because sony are coming back (which they really deserve and will hopefully keep climbing) doesnt prove that android is the key to success for every company idiot go play with your dolls kid you shouldnt be on here

24. MartyK

Posts: 1043; Member since: Apr 11, 2012

Wow, Kid, play with your dolls, my dad can beat your dad, , who's the kid?. Okay, back to the adult conversation: Facts-- Before** Nokia use to be the number one manu of cell phone. Nokia use to make a profit. After** Nokia is no longer the number one Manu of cell phone. Nokia no longer make a profit. Now my question is this to you- Android or WP which is the number one OS?

25. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

aww kid please stop the deflection, your rage is showing through your poorly constructed comment so here goes fact- nokia are now making profit again fact-nothing stays on top forever, the market changes fact- you know nothing and your just another idiot spewing crap that android is the only way forward after= everyone with sense are laughing at you, peroid as for the stupid number 1 comment, android wont be on top forever, just like everything there's always something that will be better or more advanced and take that top spot. this is how your mind works= android is on top so everything must be android i wont try anything else because im a glory hunting wannabe that will shove android down peoples throats and try to make myself feel of worth your outclassed kid, your not capable of an adult conversation due to your fanboy bs. stop wasting peoples time your boring and just another name on the list of fanboys with no worth p.s dolls go play now

27. Commentator

Posts: 3723; Member since: Aug 16, 2011

"[A]nd the idiot of the year award goes to you, although [you're] probably [too] stupid to collect your award[.]" When you accuse somebody of being an idiot, it's usually best not to look like an idiot yourself by writing like one. Also, why are you so angry?

28. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

seems most on here no nothing about phones and are more concerned with structure or punctuation.....and the internet is the right place to look for perfect grammer etc right? seems your the idiot if your on here expect that. go play elsewhere, if this is another gang up of android fanboys im not wasting my time, ive got so called mature unbiased people to show there true colours. theres no challenge and its not worth the time ohhh an its not anger, im actually laughing at the sad acts on here, believe me meeting some of the people on here would be hilarious

30. Commentator

Posts: 3723; Member since: Aug 16, 2011

It seems like you're laughing out of spite and a hateful heart, but at any rate I don't really care. It says a lot about someone, however, when they shrug off how they present themselves by claiming "well, everybody else on the internet does it." I might be an idealistic-fool to expect otherwise, but to assume that I'm an idiot is tragic.

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