Sony reports highest first quarter profit

Stefan Mileschin · 4th August 2017, 06:00

Could be a record breaker

Sony has reported its highest-ever first-quarter operating profit, and it looks like the electronics giant omight get its highest annual profit in two decades.

The results are on the back of robust sales of image sensors, smartphone camera chips, a healthy music business and brisk sales of PlayStation 4 consoles and games.There is some speculation thinks that expected box-office success of its "Spider-Man: Homecoming" film will create a rise in earnings for Sony's pictures business, which is working through a restructuring plan.

In a vote of confidence for Sony's turnaround under Chief Executive Officer Kazuo Hirai, the firm's shares have risen by around 40 percent this year to nine-year highs.

Profit increased 2.8 times to $1.43 billion in April-June, exceeding the previous first-quarter record set in 2007.

http://fudzilla.com/news/44204-sony-...quarter-profit

4th August 2017, 06:00	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,458	Sony reports highest first quarter profit Could be a record breaker Sony has reported its highest-ever first-quarter operating profit, and it looks like the electronics giant omight get its highest annual profit in two decades. The results are on the back of robust sales of image sensors, smartphone camera chips, a healthy music business and brisk sales of PlayStation 4 consoles and games.There is some speculation thinks that expected box-office success of its "Spider-Man: Homecoming" film will create a rise in earnings for Sony's pictures business, which is working through a restructuring plan. In a vote of confidence for Sony's turnaround under Chief Executive Officer Kazuo Hirai, the firm's shares have risen by around 40 percent this year to nine-year highs. Profit increased 2.8 times to $1.43 billion in April-June, exceeding the previous first-quarter record set in 2007. http://fudzilla.com/news/44204-sony-...quarter-profit

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