Sony might not be a very popular phone maker (compared to its Play Station) but the Japanese company is sure making money from sales of smartphones. According to the latest quarterly report, the smartphone revenue of Sony grew by 25% in the second quarter of 2021 compared to same time last year.
The smartphone division of Sony made about $861.6 million in the fiscal second quarter of 2021 (Q2 of 2021); this same division earned $695.7 million same period last year. Sony said the revenue growth is primarily due to the “increase in the number of sales”.
At a time when some OEMs were cutting down on smartphone supplies due to chip shortage, Sony managed to still make money from sales of smartphones. And comparing this revenue growth with the chip shortage, the company’s phone manufacturing division, one can say has done well.
Note that Sony has had its fair share of ups and downs when it comes to sales of smartphones. In fact, the company recorded losses in sales of smartphones in 2019 and 2018.
Sony’s smartphone division sold $112.6 million less in first quarter of 2021 than in the same quarter of 2020. While in 2019 and 2018, the company recorded drop in revenues of $2.4 billion.
Actually, since 2017 the company started making profits from smartphone sales in 2020. And the trend has continued in 2021 and we hope it keep it going. Overall, the mobile communications division earned $469 million more in the first half of 2021 than in the first half of 2020.
All these uptrend figures are really nice and good news for the company. But. We’ll still like to see affordable mid-range smartphones from Sony instead of just expensive premium smartphones. Only time will tell if the company will enter the mid-range segment.