| Playstation3 helps Sony triple annual profit |
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Posted by Winston Chim
on Wednesday, 14 May 2008. 12:29 GMT
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The INQ "JAPANESE GIANT SONY posted tripled profit for 2007 over 2006, despite a shock fourth-quarter loss. Strong sales of the Playstation 3 as well as increased sales of electronics in general propped up the company's figures following poor results in its film and financial sectors, and millions of dollars of operating losses.Sony beat analyst predictions with profit of $3.5 billion over the year. The electronics giant said sales grew 6.9 per cent to an impressive $84.15 billion with revenues for electronics, including LCD screens, Vaio computers and cameras, up by 8.9 per cent. Gamers were the ones that really gave Sony a boost though, with the company’s game division seeing a whopping 26.3 per cent jump in revenue due to increased PlayStation3 sales." |
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