Sony's Q2 2018 results are in - smartphone sales drop to 2 million

Sony just published its Q2 financial report and unfortunately it holds little good news for its struggling mobile business. The Japanese firm shipped just 2 million phones in Q2 this year compared to the 3.4 million in Q2 2017. That's just $1.18 billion revenue and a 27% decline year-over-year. The main reason lies in the weak Japanese and European sales, but interestingly, Sony remains stable in the rest of the world. It has also forced Sony to re-calculate its projected sales and revenue for 2018. Initially, the OEM forecasted 10 million sales accounting for $5.74 billion until...

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