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Sony increases its revenue for its latest quarter by 13% YoY over 2020

The PlayStation 5 family. (Source: Sony)
The PlayStation 5 family. (Source: Sony)
Sony has reported total revenues of ~2.4 trillion yen (~US$20.8 billion) for its latest fiscal quarter (the second of 2021, or 2FQ2021). Its gaming arm accounted for nearly 27% of these takings; however, nearly every other area of the company's business, even that of its smartphones, posted year-on-year (YoY) gains.

Sony has released its financial results for the last 3 months ending on September 30, 2021, or its second fiscal quarter of this year. They include robust takings of about 12.6% overall for all of its divisions, which add up to 2.369 trillion yen (~US$20.789 billion).

The consumer electronics behemoth's Game & Network Services accounted for about 628.5 billion yen (~$5.5 billion) or just over 26.5% of this revenue and 27% more year-on-year. Its Music arm made 17.6% more YoY 268.5 billion yen (~$2.4 billion), whereas its Pictures division made nearly 40% YoY gains, with 260.6 billion yen (~$2.3 billion) in takings.

In a year still largely dominated by at-home or remote entertainment and content-consumption, this may be less than entirely surprising. Similarly, Sony's Still and Video Cameras division raked 105 billion yen (~$921 million), a 16% YoY boost probably propelled by the release of units such as the ZV-E10.

Even Sony's Mobile Communications division, often perceived as one of its least successful, brought nearly 100 billion yen (~$869 million), or 25% more compared to 2FQ2020. Therefore, devices of the latest Xperia generation, particularly new and more attractively-priced mid-rangers such as the 5 III or 10 III might be working out well for the Japanese electronics giant.

Accordingly, it will be interesting to see if newer devices, most notably the Xperia PRO-I and α7 IV, can keep this trend going. Then again, not all areas of Sony's business had such a rosy quarter: its Imaging & Sensing Solutions posted revenues of -29.8 billion yen (~-$261 million) for the second fiscal quarter 2021.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 10 > Sony increases its revenue for its latest quarter by 13% compared to that in 2020
Deirdre O'Donnell, 2021-10-30 (Update: 2021-10-31)