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Wednesday, 30 October 2019

Sony reports record Q2 profits, thanks to its image sensor division

Sony posted the highest operating profit for a second quarter on the back of strong demand for image sensors for mobile phones. Profits were up 16%, for a total of 279 billion yen ($2.6 billion). That's 19% higher than analysts had expected. Profits from the sensor division shot up 59% to 76.4 billion yen ($711 million), an all-time record. This is driven by the rise of the multi-camera setups - a feature that permeates the market from the entry-level to the premium segment. Sony expects that besides smartphones, there will be a rising demand for image sensors for Internet of Things...

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