Sony to Post Profit -- Nikkei
Electronics giant turns thing around from the prior year. Games division to reach profitability.
Posted Jul 26, 2010 at 12:47, By Anoop Gantayat
Nikkei reports today that Sony will be posting an operating profit of between 10 billion and 30 billion yen over the April through June quarter. The company posted a 25.7 billion yen loss in the same period the year before.
As contributors to the turnaround, the site lists strong sales of product in China, strong performance of new SLR camera models, and strong performance both domestic and abroad for LCD televisions.
It looks like video games contributed as well. Nikkei states that Sony's games and mobile division reached profitability for the quarter thanks to cost-cutting measures.
The Japanese language Nikkei report can be found here (free registration required).
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Reader Comments (showing 5 of 5)
Cosign @ 2010.07.26, 13:40
Oh God. Finally.
If it was any other company they would have closed shop already. It takes 'Sony' to last through a recession.
XenoSilvano @ 2010.07.26, 20:15
go Sony!
gyro_man @ 2010.07.26, 22:02
alright, alright I'll buy a P90X now piss now
gyro_man @ 2010.07.26, 22:02
fail - piss off*
anoop @ 2010.07.27, 1:38
@gyro_man - Sorry, I've gotta do something about the spam -- it's heating up!