Someone thinks that Sony, whose mobile division has suffered losses since 2017, may leave the smartphone market after LG, but the latest financial report released by the manufacturer inspires moderate optimism.
Despite a decline in smartphone sales to 2.9 million units (versus 3.2 million in 2019), Sony managed to make a profit of $ 255 million for the first time in 4 years. The situation came as a surprise to Sony itself, which called the results of the year “beyond all expectations.”
When asked how the company managed to profit from declining sales, a company spokesperson mentioned a reduction in associated costs and an increase in the average selling price of the devices. Sony itself chose not to make any sales predictions in 2021, but now analysts believe that the recently announced smartphones will help Sony improve its position.
In the same financial report, as we reported earlier, Sony’s annual revenues rose 9% to $ 82.6 billion, while net income increased 91% to $ 10.9 billion.
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