Posted by : Unknown Thursday, October 31, 2013

The company lost $197 million during the quarter ended September 30, despite generated $18 billion in revenue.



October 31, 2013 5:57 AM PDT




Sony's fiscal second quarter for the period ended September 30 was a bit of a mixed bag.


The company on Thursday announced that its revenue jumped 10.6 percent to $18.1 billion. Sony, however, saw its losses widen to $197 million, prompting a loss per share of 19 cents. Despite that, the quarter could be viewed as a slight victory for Sony, which saw the majority of its business divisions grow year-over-year.


The big winner for Sony was its mobile division, which includes smartphones. The company's revenue in that space was up 39.3 percent to $4.3 billion. Sony's Home Entertainment division, which includes televisions and Blu-ray players, as well as its gaming division, both saw revenue gains during the period of 11.8 percent and 5.1 percent, respectively.


The only major trouble for Sony during the period was its Devices division, which includes recording media and batteries. Revenue in that space was down 16.7 percent year-over-year to $2.1 billion.



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