Financial report: Sony increases earnings in the imaging business!

Sony released the new financial report. Details can be found here: sony.net/SonyInfo/IR/library/er.html

Like all other companies Sony is selling less camera in terms of units (entry-level compact camera market is shrinking). But unlike Canon (report on MR)…Sony is making money out of the Imaging Business! This because it’s selling more and more high-value cameras and lenses. This lead to a 88 billion yen income this year.

Sony also increased the income forecast for the next quarter. All looks very good so far!