Sony Q2 profit falls 29% on chip slump, bumps up FY sales view

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TOKYO: Sony's operating profit fell 29 per cent in the July-September quarter as the company was hit by a weaker performance at its image sensor and financial divisions. Profit for the quarter was 263 billion yen (US$1.74 billion).

A Sony electronic sign is shown in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake/File PhotoTOKYO: Sony's operating profit fell 29 per cent in the July-September quarter as the company was hit by a weaker performance at its image sensor and financial divisions.

Profit at Sony's chips division slumped by 38 per cent, hit by higher expenses and weaker image sensor sales. Industry observers were surprised by the recent announcement that gaming chief Jim Ryan will step down next March.

 

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