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Sony Q2 financial report: Sales and profit decrease because of strong YEN and Kumamoto damage



Sony published their full Q2 financial reports. Sales and operating income went down for both the company as a whole and the imaging business. The main reason is the strong YEN and the Kumamoto earthquake damage. Still despite the odds Sony still managed to make some profit in Q2.

The good news is that Sony revised upwards the forecast for the full 2016 year:

Sales are expected to be higher than the July forecast due to a faster-than-expected recovery in the supply of components and shipments of Still and Video Cameras which were impacted by the 2016 Kumamoto Earthquakes, as well as a shift to high value-added models. Operating in come is expected to be higher than the July forecast mainly due to the above-mentioned increase in sales.
Let’s hope this means we don’t have to wait too long to get our hands on the new generation A7 cameras :)
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