- Sony’s smartphone division is showing early signs of recovery.
- Per the company’s latest earnings report, smartphone revenue grew by ~25% in Q2 2021.
- The revenue bump was the result of an increase in smartphone unit sales.
Sony‘s smartphone division is still well down on the lofty form it showed in the late 2000s. In recent years it has struggled to gain a firm, profitable foothold in the market, but it seems its current strategy and focus on higher-end devices could be paying off.
According to Sony’s latest earnings report, its mobile communications segment enjoyed higher revenue figures in 2021 versus 2020. The company’s mobile division racked up 99.1 billion Japanese yen (~$871.6 million) in fiscal Q2 2021 versus 79.1 billion Japanese yen (~$695.7 million) in the corresponding period in 2020. The company also confirmed this revenue bump was the result of an “increase in unit sales.”