Articles about profit: October 7, 2008
Sony profits up thanks to Cybershot, PS3 success
Sony has posted a small rise in quarterly profits recently, but are being cautious about painting too rosy a picture. Sony’s Cybershot series of cameras and Handycam camcorders had a strong fourth quarter which helped to bolster the Japanese giants overall numbers. Sony even managed to get better numbers out of it’s gaming division by lowering production costs on the PS3 as well as getting some improved sales figures for the PSP.
“The game division turning into the black is a positive,” said Takeshi Osawa, a senior fund manager at Norinchukin Zenkyoren Asset Management. “But the U.S. economic outlook is a cause of concern for its consumer electronics business.”
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