Sony Xperia smartphone division finally turns a profit
For the first time since 2017, the Sony Xperia smartphone division turned a profit. However, the division also sold fewer phones than it has over the past decade: 2.9 million phones in all of 2020. Sony was able to turn a profit by cutting costs and increasing the average selling price of its products. Every year since 2014, Sony has sold fewer smartphones than it had in the prior year. Sales dwindled so much that the entire smartphone division became a money pit, only kept afloat by Sony subsidizing it with profits from its highly lucrative gaming division. However, that’s changed slightly...