Sony sold 1.3 mn smartphones during holiday period


(IANS) Tokyo-headquartered Sony sold 1.3 million smartphones during the holiday season, which is over twice as many as the previous quarter wherein the sales numbers stood at about 600,000.

The company announced this in its financial report for the third fiscal quarter (October-December) of 2019.

However, the report shows 20 percent decline in profit on a quarterly basis due to weak sales of imaging sensors or content from the entertainment department.

The last three months of 2019 saw the operating profit reach JPY300 billion (around $2.75 billion), declining from JPY377 billion ($3.46 billion) in October-December 2018, GSMArena reported on Tuesday.

The Japanese tech giant improved its full year profit forecast by about 5 percent – instead of JPY840 billion, Sony now expects to earn JPY880 billion ($8.07 billion) when it ends its fiscal year on March 31, 2020, the report added.

It is pertinent to note that in May 2019, Sony Mobile exited the India market to focus on other regions.

The firm”s focus in the country continues to be on expanding its camera, audio, and TV business in the country.

Was it worth reading? Let us know.