Good news! Sony’s operating profit doubled during last Quarter (Thanks to selfie boom!).

We finally have good financial news about Sony:
1) Sony’s operating profit doubled to 178.3 billion yen ($1.52 billion) in the October-December quarter, well above estimates of 96.6 billion yen in a Reuters poll. Sales rose 6 percent to 2.56 trillion yen, above consensus estimates of 2.38 trillion yen.
2) Every single business unit was profitable
3) Sony also announced an improved outlook for the full year ending in March, forecasting a net loss of 170 billion yen, up from its previous projection for a 230 billion yen loss.

There is yet no specific info about the camera business but a very curious note: Sony’s Image sensor business is booming mainly because “The demand for front-facing camera modules is going through the roof, because everyone wants to take high-quality selfies, and that doubles the market size for Sony” (Source: Bloomberg)

via Cnbc