Soon after the Q4 results of Google, LG, Samsung and Q3 result of Lenovo, Sony has also announced their Q3 revenues ending December 31st. The firm reported that their sales increased to 2,557.8 billion yen (US$ 21,139 million) from its previous quarter marking a growth of 6.1%.
This quarter they shipped 11.9 million smartphone compared to 9.9 million last quarter claiming a 11% growth. The mobile communications division has reported sales of 429 billion yen (US$ 3,545 million) for the quarter, a 28.7% increase year-on-year and income of 9.3 billion yen (US$76 million U.S. dollars). Apple has also published their Q1 2015 report stating the record number of sales of their newer iPhone.
The devices sector saw an increase of 38.6% year-on-year to 292.9 billion yen (US$ 2,421 million). This significant increase was primarily due to a significant increase in sales of image sensors reflecting higher demand for mobile products, said Sony. Moreover fiscal year ending March 31, 2015, the mobile sales are expected to be below the October forecast primarily due to an expected decrease in unit sales of smartphones mainly in the Asia Pacific region, partially offset by the favourable impact of foreign exchange rates.
Sony would also be reducing the number of working members in its mobile division by 2,100 that includes the most recent insider news of job cuts by Sony. As a result the company is expecting a decrease in the net restructuring charges.