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Sony earnings boosted by weak yen and smartphone sales


来源:天之聪教育    作者:天之聪教育   时间:2013-08-01 17:55   点击: 次  


Sony earnings boosted by weak yen and smartphone sales



Sony has reported a jump in profits for the April to June quarter, boosted by a weak yen and surge in smartphone sales.

It made a net profit of 3.5bn yen ($35m; £23m) in the quarter, reversing a loss of 24.6bn yen last year.

Many Japanese firms have seen their profits jump amid a sharp decline in the yen's value - which lifts profits when they repatriate their foreign earnings back home.

The yen has dipped nearly 25% against the US dollar since November.

A weak currency also makes Japanese goods more affordable for foreign buyers, helping boost sales of exporters such as Sony.

The company said its sales rose 13% in the three months to the end of June, from a year earlier, primarily "due to the favourable impact" of the currency movement.

It also raised its sales forecast for the current financial year to 7.9 trillion yen from its projection of 7.5 trillion yen in May.

Smartphone boost

Sony said its profit was also boosted by rise in smartphone sales.

Sales in its mobile products and communications division, which manufactures smartphones, rose 36% from a year earlier.

The division also benefited from an increase in the average selling price of the handsets.

Sony has launched new models in an attempt to boost its share of the fast-growing smartphone market and take on competitors such as Samsung and Apple.

Last month, it announced a waterproof Android smartphone with a 6.4in screen (16.3cm), the Xperia Z Ultra, which it pitched as the slimmest large-screened handset on the market.

It can also accept sketches or notes written using a standard pencil or metal-tipped pen in addition to an optional stylus.

It had unveiled a the original Xperia Z smartphone with a 5in screen in January this year.


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