Sony’s 2018 fiscal year Q3 earnings: profits increased to about $3.5 billion

Rate this post

Today Sony officially announced its financial report for the third quarter of the 2018 fiscal year. The financial report showed that Sony’s operating profit for the quarter increased to $3.46 billion compared to last year’s $3.26 billion. 

Overall, Sony’s net revenues reached $2.21 billion, down from $2.45 billion in the same period last year, but profits have increased. Its music business accrued more profit and its operating profit rose from $360 million to $1.35 billion. Not only that, but Sony has also become the world’s largest music distributor. Sony’s largest volume is the game and network services business. Its revenue increased from $6.59 billion in the same period last year to $7.25 billion, but its profit dropped from $784 million to $671. 

Sony China officially quoted CEO Yoshida Kenichiro as saying that business diversification and diversified perspectives are Sony’s unique wealth. The financial report data does show that Sony’s business has shown a multi-point situation. However, Sony’s mobile business suffered losses in the quarter, with revenue of $1.25 billion and a loss of $142 million. It is worth mentioning that Sony’s mobile business also recorded a loss of $273 million in the last quarter.

Previous iPhone sales increased by 76% on Tmall after price cut
Next Lenovo ZUK Z2/Z2 Pro/edge will no longer receive any update