Sony has announced its financial results for its third quarter of 2015 and the company had total earnings of $21.5 billion for the quarter and made a profit of $1 billion.
The company managed to increase their profit by 33% over the previous quarter and Sony’s PlayStation helped them achieve the increase.
PlayStation sales equated to $4.89 billion or the total revenue and there was an increase in sales of 10.5 percent over the previous quarter.
Unfortunately sales of the company’s smartphones were down by 14.7 percent and they generated revenue of $3.2 billion, the company explained why their handsets sales were down below.
This decrease was due to a significant decrease in smartphone unit sales resulting from a strategic decision not to pursue scale in order to improve profitability.
The company has made some major restructuring changes in 2015 and it appears to have worked for them in terms of overall profits.
Source Android Central
Filed Under: Technology News