The company incurred a loss in almost all of the other segments, but Sony Mobile, a wholly-owned subsidiary of Sony Corporation (ADR) (NYSE:SNE), consolidated its position in the smart devices market, which contributed significantly to the corporation’s sales figures.
Many of Sony Corporation (ADR) (NYSE:SNE)’s premium mobile phones, which were unveiled in the last two years, denied user the option of expanding the storage, which may have slightly damaged the sales of SanDisk Corporation (NASDAQ:SNDK)’s microSD cards and Sony looks determined to stick to this trend like many flagship models of other companies.
Sony Corporation (ADR) (NYSE:SNE) is planning to increase its production of smart devices, which will have a positive impact on its sales as the company looks to offset the loss incurred in other segments and solidify its grip on the market.
Even in these stringent economic conditions, SanDisk Corporation (NASDAQ:SNDK) was able to raise its margins, and I expect it to further enhance its performance. Even though the competitors are trying hard to catch up with SanDisk, in my opinion, they won’t be able to bully the company. The results of the previous quarter are an indication that the company is making the right moves to achieve its goal of long term success.
Ayush Singh has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple.
The article Add a Few More “Bytes” to Your Portfolio originally appeared on Fool.com.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.