Sony Sensor Unit’s Strong Performance Is a Double-Edged Sword - News Summed Up

Sony Sensor Unit’s Strong Performance Is a Double-Edged Sword


TOKYO—Sony Corp. reported better-than-expected quarterly profit thanks to strong demand for its smartphone camera sensors, a result that may invite further pressure from activist investor Daniel Loeb to spin off the unit. Sony said Wednesday its net profit during the July-September period rose 9% from a year ago to ¥188 billion ($1.7 billion), beating analyst expectations.


Source: Wall Street Journal October 30, 2019 11:26 UTC



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