Sony Mobile Archive

Sony posts $205M profit as downsized mobile business stops bleeding cash

Sony posted a slim ¥21.2 billion ($205 million) profit for its Q1 2016. That’s down on the ¥82.4 billion profit it carded this time last year, but in general the quarter was a mixed bag of positives and negatives following the impact of cost-cutting initiatives. We already knew the firm would take somewhat of a hit this quarter after it warned of the impact that the Kumamoto earthquake had …