Sony sells 12 million Xperias in Q4, smartphone division swings to profit

Flagships like the Xperia Z3 and Z3 Compact with their waterproof chassis and amazing battery life are proving to be a hit among consumers, and Sony managed to differentiate itself with waterproof midrangers, too. 

The company will still lose about $1.45 billion for its fiscal year, but this loss is less than predicted due to the strength in the PS4 sales, and the image sensor business. Most smartphone makers are now either directly using Sony's phone cameras, or repackaging their sensors, adding OIS and other technology, then labeling them with their own brand. Sony also did a U-turn in its forecast going forward, as it now expects to swing to profit instead of a small loss this current quarter that ends in March.

source: Sony (PDF)