Sony’s imaging division has a year end of March 31, so its 2016 financial results came down the pipe this week. (Skip to page 4 of the linked report for the imaging division’s segment.)
Reports are pretty positive, as the division saw a year-over-year increase of 71% in operating income. Woah, right?
Wrong. Sales were down 1.7% year-over-year, and any gains can be attributed to streamlining and cost cutting. This, in the face of one of the busiest camera announcement periods in recent memory.
If Sony’s incredible pace and breakneck specs can’t get that sales number to 0% growth/decline, I’m not sure what will.
To add insult to injury, Canon’s year-end results show a 0% growth/decline in interchangeable lens camera sales. Go figure.