Sony: Revival delivers surprise profit

Comment on this story

SONY posted a surprise first-quarter profit yesterday as the PlayStation 4 (PS4) topped game console sales and The Amazing Spider-Man rejuvenated box-office receipts for its Hollywood studios. The company posted net income of ¥26.8 billion (R2.8bn) in the three months to June, compared with ¥3.5bn a year earlier. Entertainment content, consoles and mobile devices underpin chief executive Kazuo Hirai’s efforts to revive Sony as it predicts a sixth annual loss in seven years on declining demand for televisions and digital cameras. Games, including Madden NFL 15, are being released to maintain momentum for the PS4, while The Amazing Spider-Man 2 and Pharrell Williams’s hit song Happy spark a recovery at the entertainment units, but Sony still cut its sales forecasts for smartphones and televisions. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines