Sony reports highest first quarter profit

Stefan Mileschin · 4th August 2017, 07:00

Could be a record breaker

Sony has reported its highest-ever first-quarter operating profit, and it looks like the electronics giant omight get its highest annual profit in two decades.

The results are on the back of robust sales of image sensors, smartphone camera chips, a healthy music business and brisk sales of PlayStation 4 consoles and games.There is some speculation thinks that expected box-office success of its "Spider-Man: Homecoming" film will create a rise in earnings for Sony's pictures business, which is working through a restructuring plan.

In a vote of confidence for Sony's turnaround under Chief Executive Officer Kazuo Hirai, the firm's shares have risen by around 40 percent this year to nine-year highs.

Profit increased 2.8 times to $1.43 billion in April-June, exceeding the previous first-quarter record set in 2007.

http://fudzilla.com/news/44204-sony-...quarter-profit

4th August 2017, 07:00	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Sony reports highest first quarter profit Could be a record breaker Sony has reported its highest-ever first-quarter operating profit, and it looks like the electronics giant omight get its highest annual profit in two decades. The results are on the back of robust sales of image sensors, smartphone camera chips, a healthy music business and brisk sales of PlayStation 4 consoles and games.There is some speculation thinks that expected box-office success of its "Spider-Man: Homecoming" film will create a rise in earnings for Sony's pictures business, which is working through a restructuring plan. In a vote of confidence for Sony's turnaround under Chief Executive Officer Kazuo Hirai, the firm's shares have risen by around 40 percent this year to nine-year highs. Profit increased 2.8 times to $1.43 billion in April-June, exceeding the previous first-quarter record set in 2007. http://fudzilla.com/news/44204-sony-...quarter-profit

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
LG sees highest profit in eight years	Stefan Mileschin	WebNews	0	29th April 2017 07:04
Lenovo sees third quarter profit slide	Stefan Mileschin	WebNews	0	20th February 2017 05:58
Toshiba reports profit for first time in six quarters	Stefan Mileschin	WebNews	0	18th August 2016 11:01
Samsung's highest profit in two years comes thanks to the S7	Stefan Mileschin	WebNews	0	10th July 2016 15:08
Samsung boasts massive third-quarter profit growth	Stefan Mileschin	WebNews	0	8th October 2015 11:36
TSMC's first quarter profit up 18 percent	Stefan Mileschin	WebNews	0	19th April 2013 07:46
Chipmaker TSMC Reports 7 Percent Drop in Profit	Stefan Mileschin	WebNews	0	27th April 2012 09:30
Nvidia turned a profit last quarter	jmke	WebNews	0	7th November 2008 18:47
AMD posts an operational profit for the third quarter	jmke	WebNews	0	17th October 2008 20:34
AMD Reports First Quarter Results	jmke	WebNews	0	18th April 2008 09:33