Financial report: Sony increases profit in Imaging Business. Sells more Alphas and Less Compacts.

May 18, 2014
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You can download the latest Sony financial report at http://www.sony.net/SonyInfo/IR/financial/fr/. But here are some key info:

Sony is still writing red numbers and the forecast for 2014 still doesn’t look good. That said the Imaging Division is doing good. The overall sales decreased 2.0% year-on-year but Sony managed to increase the net income which is writing black numbers. Sony says:

This decrease was primarily due to a significant decrease in unit sales of compact digital cameras and video cameras reflecting a contraction of these markets, partially offset by the favorable impact of foreign exchange rates during the current fiscal year. And sales increased primarily due to the favorable impact of foreign exchange rates as well as an increase in unit sales of interchangeable single-lens cameras.

So overall the Imaging business is doing fine and that’s good to know because it means Sony will keep pushing on it. Also important to note is that their System cameras are selling fine! Now let’s hope the company as a whole will recover soon too!

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