Sony Corporation recorded a net profit of ¥90 billion ($746.3 million) in the third quarter of the year on turnover of ¥2.5 trillion ($20.7 billion), which compares with a net profit in Q3 of the previous year of ¥26.4 billion ($218.9 million) on turnover of ¥2.4 trillion ($19.9 billion). The 6.5% increase in turnover in Q3 was primarily driven by an increase in unit sales of smartphones and a significant increase in Sony’s devices segment sales. This was partially offset, however, by decreases in Sony’s other business units, mostly related to the company’s exit from the PC business. Mobile communications sales increased 28.7% year on year to ¥429 billion ($3.5 billion), while sales in the home entertainment and sound business dipped 2.3% to ¥413.3 billion ($3.4 billion).
For the first nine months of the year, Sony recorded a net loss of ¥19.2 billion ($159.2 million) on turnover of ¥5.4 trillion ($44.7 billion), which compares with a net profit for the corresponding period of last year of ¥9.8 billion ($81.3 billion) on turnover of ¥5 trillion ($41.4 billion).
