Sony Electronic mobile division has a forecast loss of ¥39 billion (AU$413 Million) across the last fiscal period, a sharp decline on their operating profit of AU$720 million in Q4 of 2014. The financial results posted on Sonys website continued the bad news with some reasonably dire predictions; expecting handset sales to decrease year on year.
Mobile Communications
Sales are expected to decrease year-on-year due to a reduction in mid-range smartphone unit sales in an effort to
improve the profit structure of the segment. Operating loss is expected to decrease year-on-year primarily due to
the absence of the 176.0 billion yen impairment of goodwill recorded in the fiscal year ended March 31, 2015, an
improvement in product mix, and a decrease in costs due to the benefit of restructuring.
Other divisions of the electronics manufacturing giant are financially in the black and with the pending release of the Xperia Z4 the fortunes of Sony may turn the corner quite rapidly if they really deliver on their upcoming flagship.
Note The original version of this post had a currency conversion error. It has since been adjusted to reflect the correct conversion.
