Sony Announces The 2020 Earnings Report, And The Mobile Phone Business Achieves A Profit Of 27.7 Billion Yen

Apr 29, 2021 News

Sony Announces The 2020 Earnings Report, And The Mobile Phone Business Achieves A Profit Of 27.7 Billion Yen

Sony announced its 2020 financial report. The financial report showed that Sony's 2020 sales revenue was nearly 9 trillion yen, a year-on-year increase of 9%; operating profit was 971.9 billion yen, and net profit was 1171.8 billion yen. The electronic business achieved an overall operating profit of 139.2 billion yen in fiscal 2020, of which the mobile phone business achieved an operating profit of 27.7 billion yen.

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This time, Sony's six main businesses have achieved profitability, especially the game department. The game and network service department, which is dominated by the PlayStation business, has seen a surge in operating profit due to the increase in game software sales and the hot sale of PS5. As of March 31, 2021, the cumulative global sales of PS5 exceeded 7.8 million units, exceeding Sony's initial estimate of 7.6 million units, and the incremental sales of PS4 exceeded 115.9 million units. Among them, 3.3 million PS5 and 1 million PS4 were sold in the Q4 quarter, and PS4 sales decreased by 400,000 units year-on-year.

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Through the layout of TVs, cameras, and other products in the electronic products segment, it has successfully achieved a high-end portfolio strategy. In contrast, the mobile phone business has effectively reduced operating costs. The increase in the profitability of the mobile phone business has a lot to do with enhancing the competitiveness of its products. It is equipped with mainstream or even better than mainstream configurations. For example, the recently launched Sony Xperia 1 III is equipped with Qualcomm Snapdragon 888 and 4K+120Hz HDR OLED. Screen, faster AF autofocus, etc. The National Bank version of this phone will be released on May 20.



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