Tag: sony pictures studios

Q1 2016 – Sony Earnings Call Summary

Sony

Below are my key takeaways from the Sony Q1 2016 Earnings Call on July 29:

Summary:

Consolidated revenue dropped 11% YoY, operating income was down 42% and net income was off 74%.  The reasons for the bad results were the Kumamoto Earthquake in April, a decrease in demand for image sensors for mobile, a reduction in mid-range smartphone unit sales and negative effects of currency exchange

On the positive side, Uncharted 4 helped Game & Network Services segment rise by 14% and Angry Birds contributed to the Pictures Segment 7% gain with their $347MM global take.

Continue reading “Q1 2016 – Sony Earnings Call Summary”