Music floats Sony Corp's 38.8% profit rise in Q1 15

Coral Williamson

Sony Corp's profits rose by 38.8% year-on-year in fiscal Q1 2015.

In the three months ending June 30, operating income increased ¥27.1 billion year-on-year, to ¥96.9bn ($794m, or £500m). According to the released earnings announcement, the increase was primarily due to an increase in operating income in the company's music business, as well as an increase in sales in its devices. 

Music sales increased 8.5% YoY - a 3% decrease on a constant currency basis - to ¥130.2bn ($1bn, or ...

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