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Friday, April 28, 2017
Image Sensors, Batteries And Playstation Boosts Sony's Profit

Sony reported Friday a January-March profit of 27.7 billion yen ($250 million), as a result of healthy sales of image sensors, PlayStation 4 game software and batteries for mobile devices.

The company's quarterly sales rose 4.4 percent to 1.9 trillion yen. Sony had an 88 billion yen loss in the same period last year.

For the fiscal year through March, Sony's profit fell 50 percent to 73.3 billion yen from 148 billion yen, partly because of costs related to repair of damage to Sony's semiconductor manufacturing facility from a major earthquake that hit southwestern Japan in April 2016.

Sony is projecting a three-fold recovery for the fiscal year through March 2018.

Sony has been restrucing its business by focusing on high-end cameras and video games. It has already sold some assets, including its Vaio personal computer business. Its TV division lost money for years but has recently recovered.

In its movie business, "Resident Evil: The Final Chapter," released in the January-March quarter was one of its biggest successes in recent quarters, especially with the international box office. Best-selling titles for the year in its music division included Beyonce's "Lemonade" and Sia's "This Is Acting."

ASML Countersues Nikon Over Alleged Patent Infringement        All News        Cost Cuts Start Paying Off For Sharp
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