Tokyo - Sony on Tuesday said its net profit for the three months to December more than tripled from a year earlier, but confirmed it was on course to incur an annual loss.
The improvement stems mainly from a weak yen, increased sales of smartphones, robust PlayStation console businesses and strong demand for image sensors for cameras, the firm said.
This increase was partially offset by a significant decrease in sales in other operations, it said.
It was “primarily related to Sony's exit from the PC business, and a decrease in sales in the Pictures segment, mainly due to lower Motion Pictures and Television Productions sales”, it said.
Sony posted a net profit of 90 billion yen ($742 million) for the October-December term, the company said in a finalised earnings report.