Sony rebounds to profit in April-June quarter
Posted by admin | Posted in World | Posted on 29-07-2010
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TOKYO — Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions. The Tokyo-based electronics and entertainment giant booked a net profit of 25.7 billion yen – or $294 million at current exchange rates – for the April-June quarter, a sharp turnaround from a 37.1 billion yen loss a year earlier. Revenue grew 3.8 percent to 1.66 trillion yen. The healthier sales stemmed mainly from consumers in emerging markets, which offset declines in Japan and the United States. Its business was also strong enough to weather a stronger yen – which can make its products less…
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