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PS4, smartphones power Sony to profit during third quarter |
February 06, 2014
Sales of the PlayStation 4 and smartphones helped Sony turn a net profit of ¥27 billion (US$266 million) in the October to December quarter of last year, up sharply from a loss of ¥10.8 billion a year earlier.The Tokyo-based electronics giant on Thursday reported revenue of ¥2.4 trillion, jumping nearly 24 percent from ¥1.9 trillion a year before.Foreign exchange rates, smaller TV losses, PS4 sales, and better operating income in its financial services business contributed to overall operating income gains of ¥44 billion to ¥90 billion, Sony said.Revenue at Sony’s gaming unit was up 65 percent in the quarter to ¥442 billion from ¥269 billion a year earlier. The PS4’s launch in North America, Europe, and Latin America and a favorable foreign exchange rate helped offset a sharp decrease in sales of the earlier PlayStation 3 consoles, Sony said. Operating income of the gaming unit rose to ¥18 billion from ¥4.6 billion.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2095100/ps4-smartphones-power-sony-to-profit-during-third-quarter.html#tk.rss_all
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