Sony Reports QoQ Image Sensor Sales Growth, but Lowers Full Year Forecast

Sony reports its quarterly results: "In the Devices segment, sales increased significantly mainly due to an increase in sales of image sensors for mobile devices and the impact of foreign exchange rates."

However, the Devices business forecast for the fiscal year ending on March 31, 2016 has been adjusted down: "Sales are expected to be lower than the July forecast mainly due to a decrease in sales of lithium-ion polymer batteries and the impact of a temporary decrease in image sensor production due to a production equipment problem. Although this production equipment problem has been remedied, sales are expected to decrease in the second half of the current fiscal year as well. The forecast for operating income remains unchanged from the July forecast mainly due to the above-mentioned decrease in sales being offset mainly by an increase in productivity and yield in the image sensor business as well as a reduction in costs."