Sony?s profits almost halved in the three months to 30 June and operating income from its electronics division fell 57.2% compared to the same quarter last year.

Revenue earned from sales of digital compact cameras and video cameras was hit by ?intensified competition from other companies and decelerated market growth for these products in developed countries?, according to financial statements released today.

Sony?s net profits fell by 47.4% to ¥35bn (around £163m).

Sony?s electronics earnings were also affected by falling sales from its joint venture with mobile phone maker Sony Ericsson and a stronger Japanese Yen.