Film and PlayStation divisions boost Sony’s Q3 2015 profit as smartphone slump continues

Similar to Samsung’s recently released quarterly results, Sony’s Q3 2015 earnings report cautions that the premium smartphone industry is poised to slow down considerably in 2015.

Sony’s mobile division fell 14.7 percent, but still managed to post a high operating profit of $201 million USD. Furthermore, October to December demand for smartphone components, including image sensors, fell 13 percent from a year earlier.

“Demand for image sensors from certain customers has slowed since November due to a slowdown in the high-end smartphone market,” said chief financial officer Kenichiro Yoshida during Sony’s investor call.

PlayStation 4 and first-party video games sales, as well as various cost cuts, helped Sony’s struggling mobile unit push operating profit up 11 percent, surpassing analyst estimates.

Sony posted third-quarter earnings of $1.69 billion USD with operating profits of $21.5 billion USD in revenue. Net profits between October and December amounted to $1 billion USD, a 33 percent increase over the same quarter last year.

Sony’s gaming division experienced a 10.5 percent year-on-year increase spurred by strong PlayStation 4 hardware and software sales, amounting to a total of $4.89 billion. The company recently announced that it has sold a total of 25 million PlayStation 4 consoles worldwide.

Sony Pictures, the company’s film and television division, also experienced an impressive quarter. Films such as Spectre and Hotel Transylvania 2, performed exceedingly well at the box office, netting Sony $2.18 billion USD, a 26.9 percent increase over the division’s revenue last year.

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