Today, Sony released its fourth quarter and full year financial reports of 2017. As of March 31, 2018, Sony's fourth quarter revenue in 2017 was 1.9510 trillion yen (about 17.858 billion dollars), an increase of 2.5% compared with the same period last year, but there was a net loss of 16.8 billion yen (about 154 million dollars) attributable to shareholders.
The announcement of the financial report also affected Sony's share price today. As of the close of this Friday, Sony's share price in the Tokyo Stock Exchange closed at 5400 yen, down 0.79%.
Among various departments, the profit of the music department grew the fastest. Its revenue in the fourth fiscal quarter was 444.6 billion yen (about 4.069 billion dollars), and its operating profit was 19.6 billion yen (about 179 million dollars), an increase of 100.6% compared with the same period last year. The mobile communication department (mobile phone business) suffered the biggest loss, with a loss of 44.6 billion yen (about 408 million dollars), 193.4% more than the same period last year, which directly affected Sony's overall performance. The losses of the mobile communication sector are related to the decline in global smartphone consumer demand in 2017, and certainly related to Sony's mobile phone products. For example, the flagship mobile phone Xperia XZ1 released last year still uses 16; 9 display screen, compared with other brands, this machine screen occupies a very low proportion.
In fiscal year 2017, Sony sold 19 million PS4 consoles, and Sony plans to sell 16 million PS4 consoles in the new fiscal year. In addition, Sony's annual operating profit was 734.9 billion yen (about 6.727 billion dollars), and the net profit attributable to shareholders was 490.8 billion yen (about 4.492 billion dollars).
Seeing the loss of Sony in the latest fiscal quarter, some netizens thought of Suo Fen's old topic: Sony is going bankrupt. This concern is obviously superfluous. Sony's net cash in 2017 ranked fourth among all Japanese enterprises, while Sony ranked 105th among the world's top 500 enterprises in 2017. If Sony can't survive, there are company buildings to sell
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