Sony on Thursday posted its full-year financial results for the fiscal year ended March 31st, 2013. The struggling Japan-based consumer electronics giant managed to eke out its first full-year profit in five years, posting net income of 43 billion yen, or approximately $458 million for fiscal 2012. Smartphone sales into channels came in at 33 million units while LCD TV sales fell 38% to 13.5 million units. Combined sales of the PlayStation 3 and PlayStation 2 fell to 16.5 million units in fiscal 2013, and Sony shipped a total of 7 million handheld Vita consoles. In fiscal 2013, Sony expects TV sales to rebound to 16 million units while smartphone shipments grow 27% to 42 million handsets.

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.