Sony Reports 18% Profit Jump on Gaming, Image Sensor Business
https://wccftech.com/sony-reports-18-profit-jump-on-gaming-image-sensor-business/
Sony’s (NYSE:SNE) bottom line was boosted by strong results from its Gaming as well as Image Sensor divisions, as the company’s fiscal first-quarter profit topped analyst estimates.
Sony posted $2.13 billion in operating profit for the last quarter — its first quarter on its fiscal calendar — up from $1.79 billion for the same quarter last year. This was on revenue of approximately $17.5 billion (flat). The company has cut its full-year revenue outlook on a forecast of slowing sales of consumer electronics later in the year, and predicts profit to drop for the first time in three years as goes into R&D mode for its next-generation Playstation console and new image sensors for smartphones.