Sony's net income of $ 280 million in the second quarter: strong gaming revenues

Sony said in a statement today, the 2015 fiscal second-quarter net profit of 33.6 billion yen (about US $ 280 million), sales of 1.89 trillion yen (about US $ 15.8 billion), to achieve an operating profit of 88 billion yen (about 733 million dollars).

Sony's fiscal second-quarter earnings significantly improved compared with a year earlier, the company last year because of writedowns on assets in the Smartphone business and there is a substantial loss. But Sony's revenues declined slightly from a year earlier, a decline less than 1%. Sony expects operating profit for the fiscal year of 320 billion yen, sales of 7.9 trillion yen.

With performance gradually normalized, the company's earnings was particularly encouraging in the equipment sector, including its dominant image sensor business. Operating profit for the fiscal second quarter was 32.7 billion yen (about 272 million dollars), an increase of 16%, sales of 258 billion yen (about US $ 2.2 billion). Sony recently announced that it would spin off the business, yesterday announced the acquisition of Toshiba's imaging sensor unit. Another related, but independent imaging products division is also outstanding, revenue rose 4.1%, operating profit rose to 25.9 billion yen (about US $ 215 million), mainly because of the contraction of the overall market situation turned to higher-end digital cameras in the field.

Performance of Sony's game unit maximum, 16.5% increase in second-quarter revenue, operating profit of 23.9 billion yen (about 199 million u.s. dollars). Although the sensors and camera operation greatly benefited from dollar strength against the yen, but Sony's game business relies more on the United States market, so that changes in exchange rates instead of against them – Sony says, which had a negative impact of about 13.1 billion yen. However, PlayStation 4 gaming software business continues to help the company revenues increased to 360.7 billion yen (about US $ 3 billion).

Sony's Mobile Communications Division is the company's only loss in the technology business, mainly because of Xperia smartphones and tablet computers performance continued to be weak. The sector's second-quarter operating loss of 20.6 billion yen (about us $ 172 million), sales of 279.2 billion yen (about US $ 2.33 billion), indicating that Smartphone 176 billion write-down last year after the yen continued to draw blood from Sony. The business when revenue fell 15.2%, which is the main reason for modest overall revenue of the company. The company explained that their current strategy is: do not seek scale, only profit.