Sony makes $261m in three months on PS4 sales
The company's net profit came to ¥26.8bn for the three months to June, up from ¥3.1bn a year earlier, with sales rising 5.8% to ¥1.8trn.
"The gains were largely driven by a significant increase in game and network services segment sales, reflecting the contribution of the PlayStation 4 as well as the favourable impact of foreign exchange rates", Sony said in a statement.
A weak yen boosts the profitability of Japanese exporters.
The consumer electronics company also said box-office hits, including "The Amazing Spider-Man 2", boosted results at its movie unit as well because Sony owns its own Hollywood studio.
Sony, which has been undergoing a painful restructuring after years of losses, still expects a net loss of ¥50bn on sales of ¥7.8trn for the fiscal year.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
SACP rejects proposed VAT hike, urges tax system overhaul 24 Feb 2025 Celebrating an outstanding multi-award-winning 2024 for Afda students and alumni 6 Feb 2025 Facebook's global ad revenue expected to exceed $100bn 12 Dec 2024 Cape Town's film industry lights up property market 29 Oct 2024 Publicis Groupe raises revenue forecast for the second time in 2024 with 5.8% organic growth in Q3 18 Oct 2024 Microsoft strong revenue growth shows that cloud is king 31 Jul 2024
