Grim outlook: Sony's mobile division continues to bleed red ink, 7.1% slip in profits expected by 2016

Grim outlook: Sony's mobile division continues to bleed red ink, 7.1% slip in profits expected by 2016:

Sony just released its financial report for the quarter that ended a month ago, on March 31. According to the report, Sony is doing quite well as a whole, being able to bring home a operating profits of $571 million for the accountable period, on top of a total revenue of $68.5 billion. These are, in fact, the financial results for the whole company, but what's the current state of Sony's mobile division, the one that interests us the most?



Well, Sony just revealed that it has scored an 11% increase in terms of device sales in comparison with the same period a year ago. The cited reasons ...