After years of losses Sony is finally back to profit!
Sony has officially doubled its profit forecast for the fiscal year that ended on 31st March, raising the tally from ¥20 billion ($201m) to ¥40 billion ($403m). Sony had “luck” because the depreciation of the yen helped them out. Also the financial service division had a stronger performance than expected. There is still no info about the digital imaging business but full Sony report will be released on May 9th.
It will be interesting to read in their upcoming report what theit forecast is. As I told you this week we will likely have only one new interchangeable camera this year. This surely doesn’t help to generate cash this year.