Sony publishes financial report for 2016 fiscal year, mobile division in the black

Sony Corporation has published its financial report for the 2016 fiscal year ending on March 31. Net income is listed at JPY 73.3 billion ($676 million) - practically halved year on year. However, Q4 figures are a marked success compared to last year's numbers for the same period - with a JPY 27.7 billion ($244 million) net income, Sony is now in the black, while in Q4 2015 the company reported a JPY 88.3 billion ($765 million) loss. The corporation's Mobile communications division reports a JPY 10.2 billion ($94 million) profit as opposed to a JPY 61.4 billion loss last year. A...

by via GSMArena.com - Latest articles