Sony Reports Surprise Profit in First Quarter - News Summed Up

Sony Reports Surprise Profit in First Quarter


During the quarter, the Japanese electronics and entertainment giant booked a net profit of ¥21.2 billion ($206 million), buoyed by its upbeat videogame arm. TOKYO—Sony Corp. reported a surprising net profit in the April-June quarter on strong PlayStation 4 sales, though it downgraded the outlook for its struggling image-sensor business because of the yen’s recent rapid strengthening. Consumer-electronics units, including smartphones...


Source: Wall Street Journal July 29, 2016 06:42 UTC



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