Kamis, 01 Agustus 2013

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Sony earnings boosted by weak yen

The newly launched the new Xperia Z ultra waterproof smartphoneSony has launched new models in an attempt to boost its share of the smartphone market

Electronics giant Sony has reported a jump in profits for the April-to-June quarter, boosted by a weak yen.

It made a net profit of 3.5bn yen ($35m; £23m) in the quarter, compared to a loss of 24.6bn yen last year.

Many Japanese firms have seen their profits jump amid a sharp decline in the yen's value - which lifts profits when they repatriate their foreign earnings back home.

The yen has dipped nearly 25% against the US dollar since November.

Sony said its profit was also boosted by a rise in smartphone sales.

Sales in its mobile products and communications division, which manufactures smartphones, rose 36% from a year earlier.

The firm added that the division also benefited from the increase in the average selling price of smartphones.



Source: BBC News - Business http://www.bbc.co.uk/news/business-23527714#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa