Photograph by Daniel Boczarski — WireImage

Operating income was up 350% year-over-year.

By Benjamin Snyder
July 30, 2015

The Sony PlayStation 4 has proven to be a huge boon to the tech company’s sales. On Thursday, Sony reported $780 million in operating profit for the first quarter, up 39% for the year thanks to the video game console.

The company’s video game division reported operating income of $160 million, up 350%, according to TechCrunch.

Sony reported revenue for the quarter at $14.5 billion, which is pretty much in line with last year’s result (down just 0.1% year-over-year).

But while there was good news for some divisions, Sony’s smartphone business reported poor sales. In fact, it lost $184 million due to “strategic decision not to pursue scale in order to improve profitability,” according to the company in its filing.

Per TechCrunch:

Sony isn’t just focused on its best performers, it is also branching out into new businesses, with plans to launch a drone company that captures data for enterprises. It also outed a new crowdfunding platform to showcase new gadgets from its Japanese staff earlier this month, as it aims to accelerate fresh thinking and innovation.

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