Sony posts profit as games outweigh sagging sensors

Business Friday 29/July/2016 19:29 PM
By: Times News Service
Sony posts profit as games outweigh sagging sensors

Sony posted a surprise quarterly profit as strength in its PlayStation division outweighed a slowdown in sales of image sensors.
The company reported net income of ¥21.2 billion ($205 million) in the quarter through June, compared to the average analysts’ expectation for a ¥39 billion loss. The firm maintained its forecast for annual profit of ¥80 billion