Sony posts overall profit of $780 million, mobile sales decline 16 percent

Sony's restructuring efforts — centered around its image sensors and console divisions — are paying off, with the manufacturer announcing a $780 million operating profit for the quarter ending in July. The vendor posted an overall revenue of $14.5 billion, a slight decrease of 0.1 percent from the same period a year ago.

The image sensor division recorded income of $249 million, an increase of 164 percent, with the games division witnessing an increase of 350 percent to $160 million. Sony's music unit also saw a healthy growth of 172 percent, recording an income of $260 million.

Meanwhile, the mobile unit saw an operating loss of $188 million as sales declined by 16.3 percent from the same time a year ago. Sony attributed the decrease to the reorganization of the mobile unit and a "strategic decision not to pursue scale in order to improve profitability." Full-year operating loss for the mobile unit is now predicted to be $480 million.

Sony has announced that it will focus on the high-end segment, with new flagship phones rumored to launch later this year. With the Xperia Z3+ not helping Sony's cause, it remains to be seen if the manufacturer can turn things around with upcoming hardware.

Source: Sony