Tuesday, 31 October 2017

Japan's Sony forecasts record annual profit as sensor sales rise



Japan's Sony has said it expects to deliver record annual profits as sales from its gaming businesses and smartphone parts boost the firm.

 
The electronics company has forecast an operating profit of 630bn yen ($5.6bn; £4.2bn) for the year to March.


The Playstation console maker had previously forecast 500bn profit for the period.


Playstation and smartphone part sales have helped the once ailing electronics firm revive its fortunes.


In a statement on Tuesday, the company also said profit for the three months to September jumped to 204.2bn yen, from 45.7bn yen a year earlier.
The better-than-expected result was partly due to a rebound after earthquakes in Japan hit production last year.





BBC      News.