Sony’s revenue reaches 676 $ million in 2016

Sony recently released its annual financial report for 2016, which ended March 31, with a net income of about $ 676 million, almost half of net income in 2015.

In the fourth quarter of 2016, Sony achieved some success compared to the same period in 2015, with net income of $ 244 million, while in the same period of 2015, it reached 765 $ million.

The company’s phone division generated profits of up to 94 $ million, compared to 550 $ million last year. The company expects a profit of 44.8 $ million in 2017.

Sony’s gaming division was the top winner with a 53 per cent increase in profits, with the latter reaching about 1.2 $ billion thanks to sales of the PlayStation 4 platform, which reached 20 million units in 2016.

 

 

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