Linked by Thom Holwerda on Thu 1st Aug 2013 09:00 UTC
PDAs, Cellphones, Wireless Like LG, Sony's smartphone division is now also doing quite well:

In the three months between April and June of this year, Sony saw both a "significant increase in unit sales" of its Android smartphones and an improved average selling price per handset. That's at the heart of the company's improved profitability.

The common parlance that only Samsung is profiting off Android is, as I've said before, simply no longer true. All it took for companies like LG and Sony to become profitable with Android is to, you know, stop making crap phones, and start producing good ones.

Shocker.

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RE[4]: Quite Well
by jared_wilkes on Thu 1st Aug 2013 14:19 UTC in reply to "RE[3]: Quite Well"
jared_wilkes
Member since:
2011-04-25

The financial statements are on record. Sony can't just make up stuff and write it in there.


Yes, and as I said, I've read them. Nowhere does Sony say that smartphones alone are profitable. We have a P/L statement for the entire mobile division showing utterly inconsequential "profits" and a comment that their total performance for this quarter was more favorable than expected based on favorable foex and improved smartphone performance (no word on whether that improved smartphone performance is slightly better than bad results, less loss than previous quarters, etc).

Reply Parent Score: 3

RE[5]: Quite Well
by cdude on Thu 1st Aug 2013 18:24 in reply to "RE[4]: Quite Well"
cdude Member since:
2008-09-21

Then read again. Here is an indicator: "This significant improvement was primarily due to the above-mentioned increase in sales of smartphones."

Reply Parent Score: 3

RE[6]: Quite Well
by tanzam75 on Thu 1st Aug 2013 18:45 in reply to "RE[5]: Quite Well"
tanzam75 Member since:
2011-05-19

Then read again. Here is an indicator: "This significant improvement was primarily due to the above-mentioned increase in sales of smartphones."


Yes, that is Sony's spin on the news. The numbers, however, say something quite different.

From Slide 3 of Sony's quarterly results presentation:
http://www.sony.net/SonyInfo/IR/financial/fr/13q1_sonypre.pdf

Mobile Products & Communications (MP&C)
Sales: 389.0 billion yen
Operating income: 5.9 billion yen
FX impact: +62.4 billion yen

Notice that "FX impact" was over 10 times the operating income. In other words, if the yen had not dropped 20% against other world currencies, Sony would have turned in an operating loss of 56.5 billion yen in the mobile division.

Would you consider a profit margin of -14.5% to be "doing quite well?"

Note: The MP&C division at Sony also includes personal computers.

Edited 2013-08-01 18:46 UTC

Reply Parent Score: 3

RE[6]: Quite Well
by jared_wilkes on Thu 1st Aug 2013 19:24 in reply to "RE[5]: Quite Well"
jared_wilkes Member since:
2011-04-25

Yes, and this is in the individual breakdown for the Mobile division, which is more than smartphones. But the foex benefits were greater and cannot be pinned down to a single divisional unit (it has to be spread across all the divisions).

So... What is this an indicator of? Other than your poor understanding of the financials and your grasping at straws?

Reply Parent Score: 2