Sony’s Profits 40 Times Higher Than Last Year
Sony Corporation's profits are 40 times this year more than what they were last year.
The group net profit is $646.7 million.
Quarterly sales are up 12%.
The winners in the group – the electronics sales.
The losers in the group – game sales…where the red ink was deeper and darker than last year.
Flat TV and digital camera sales – up 21%.
Film unit – back in the black after "Superbad" success
Last year Sony lost nearly a half billion dollars due to the recall of laptop batteries.
Sony's music division sold well the albums - Bruce Springsteen's "Magic" and Foo Fighters' "Echoes, Silence, Patience & Grace."
The PS3 will eventually start making money for the company…but in the meantime, nobody needs to feel sorry for Sony.
What do you own that was made by Sony?
