Sony has announced its Q4 2016 financial results, and things aren't looking good as far the Japanese company's phone division is concerned.

The results reveal the company shipped a total of 5.1 million Xperia phones in the quarter, which is down by around 33% when compared to the number of units the firm shipped in the same quarter of 2015.

The firm's mobile revenue for the quarter stood at JPY 249 billion, which translates into a decrease of 35%. Lower than expected sales in Europe is being blamed for the overall decrease in revenue.

The company has also again lowered its forecast for the fiscal year (which ends in March), this time from 17 million units to 15 million units. Forecast revisions in Latin America and Middle East is said to be the main reason behind this.

Via