Feeds

People really liked our Xperia. Throw in a weak yen and KERCHING - Sony

Japanese firm does better than expected in the June quarter

The Power of One Infographic

The weak yen and strong sales of its smartphones in Japan combined to help Sony report a better-than-expected operating profit in its fiscal first quarter.

Things were looking good for the one-time electronics giant at home, where foreign exchange rates were helping its bank balances and its flagship Xperia smartphone was well-received.

The firm's mobile products and communications division saw sales rise 14 per cent in the quarter on a constant currency basis, leading to an operating income of 5.9bn instead of the loss of 28.1bn in the same quarter of the previous year.

Overall, Sony made an operating profit of 36.4bn in April to June, well over the 25.3bn expected by four analysts surveyed by Thomson Reuters I/B/E/S and six times what it made during the same time in 2012.

Sony has been so disappointing of late that activist investor Daniel Loeb has been harassing it to consider spinning off a fifth of its profitable entertainment arm, which covers movies, music and TV.

Although the higher profits this quarter are unlikely to satisfy Loeb, the Nikkei newspaper said that the board is expected to reject his proposals.

The firm's chief exec Kazuo Hirai has only said that the board will carefully consider the suggestions and hasn't given any indication of when the board might be finished discussing it. ®

The Power of One Infographic

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.