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Sony has released its financial results for the three months ending June 30, or the first fiscal quarter for the company. In this time Sony has made $265 of net income on around $17.9 billion of total revenue - a 5.8% increase compared to last year's Q1. The majority of the positive numbers has come from Sony's Games and Network Services department, which includes positive sales of the PlayStation 4 and good box office performances for the movies The Amazing Spider-Man 2 and 22 Jump Street. Last but not least a favorable impact on stock exchanges thanks to a strong-performing Yen. Sony has reported some losses though, which it attributes primarily on the company's exit of the PC business. It has resulted in a significant drop in unit sales, a 33.8% one year over year. Sony's smartphone sales took a dive as well but the company posted a revenue increase thanks to the favorable foreign exchange rate for the Yen. In the end Sony has earned $3.1 billion from smartphone sales but recorded a $27 million operating loss in Q1. Source |...
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