Sony registers Q3 profit at $870 mn
Japanese electronic and entertainment major Sony Corp on Thursday posted a gain in net income at 79.2 billion yen (USD 870 million)for the period ending December 31, 2009 on account of a robust growth in PlayStation 3's sales.
By PTI |
TOKYO/NEW DELHI: Japanese electronic and entertainment major Sony Corp on Thursday posted a gain in net income at 79.2 billion yen (USD 870 million)for the period ending December 31, 2009 on account of a robust growth in PlayStation 3's sales.
In the year-ago period, the company had a net income of 10.4 billion yen, Sony Corp said in a statement. The company's revenue rose to 2,237.9 billion yen in the quarter under review to 2,154.6 billion yen in the same period last year.
Sony said it posted a robust growth due to surge in PlayStation 3 sales following a price cut. The company sold about 6.5 million units of PlayStation in the current quarter as compared to 4.5 million units in the same quarter last fiscal.
For the full-year ending March 31, Sony narrowed its loss forecast and expects a net loss of 70 billion yen from an earlier estimate of 95 billion yen loss. The company's revenue forecast remain unchanged at 7.3 trillion yen.
The firms' sale of PlayStation 3 has been understood to have moving northward after Sony cut the price of its model by 25 per cent to USD 299 in September.
Sony's network products and services business has swung into a profit during the quarter with net income of 19.4 billion yen from a loss of 5.9 billion yen in the year-earlier period. While sales inched up by 1.9 per cent to 606.1 billion yen.
In the year-ago period, the company had a net income of 10.4 billion yen, Sony Corp said in a statement. The company's revenue rose to 2,237.9 billion yen in the quarter under review to 2,154.6 billion yen in the same period last year.
Sony said it posted a robust growth due to surge in PlayStation 3 sales following a price cut. The company sold about 6.5 million units of PlayStation in the current quarter as compared to 4.5 million units in the same quarter last fiscal.
For the full-year ending March 31, Sony narrowed its loss forecast and expects a net loss of 70 billion yen from an earlier estimate of 95 billion yen loss. The company's revenue forecast remain unchanged at 7.3 trillion yen.
The firms' sale of PlayStation 3 has been understood to have moving northward after Sony cut the price of its model by 25 per cent to USD 299 in September.
Sony's network products and services business has swung into a profit during the quarter with net income of 19.4 billion yen from a loss of 5.9 billion yen in the year-earlier period. While sales inched up by 1.9 per cent to 606.1 billion yen.
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