Today, Sony released its first quarter financial results for the period running from April 1, 2013 to June 30, 2013. Things continue to look up for the once-struggling company, as it again managed to post a quarterly profit, albeit a modest one.
During the quarter, Sony’s company-wide sales brought in $17.3 billion, which is a 13 percent increase from the same quarter last year. “This increase was primarily due to the favorable impact of foreign exchange rates,” however, as well as “an increase in financial services revenue, and an increase in unit sales of smartphones.” If currency exchange rates remained consistent over the last year, sales actually would have decreased three percent. Nonetheless, the company’s profit after taxes amounts to about $35 million.
http://www.ign.com/articles/2013/08/01/sony-shows-a-profit-but-hardware-sales-are-soft
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