Sony Makes Money on Movies and Games but Not on Smartphones

It Wasn't Long Ago that Sony, Almost Inexplicably for a Company of its Size and Heritage, was Losing Money Everywhere it Went. After a Few Years of Pain, however, Things Have Begun to Look Up, with the Company Posting a 1st Quarter Net Profit of Around $265 Million. The Bulk of the Good News Comes from the PlayStation 4 and Sony Pictures, the Company's Film and TV Arm that Benefited from the Successes of The Amazing Spider-Man 2 and 22 Jump Street. The Only Sore Point on the Company's Financials is that, its Mobile Division Continued to See Sales of Xperia Handsets Drop -- a Loss that Even Managed to Offset a Favorable Bump in the Exchange Rate. The Corporation is still Predicting that, it'll Eat Around $487 Million in Losses across the Year so, Don't be Surprised if Someone Greenlights 23 Jump Street in the Next Couple of Weeks.




Info Source:

http://www.sony.net/SonyInfo/IR/financial/fr/14q1_sony.pdf