Sony reports strong first quarter earnings

Discussion in 'Beyond3D News' started by B3D News, Jul 28, 2007.

  1. B3D News

    B3D News Beyond3D News

    May 18, 2007
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    Sony has reported first quarter earnings of ~$540 million, doubling net income over the year-ago period and beating analyst expectations. Operating income in the core electronics division increased by 77% to ~$684 million, aided primarily by increased sales of Sony Cyber-shot cameras, Handycam camcorders, semiconductor sales to the gaming division, and a favorable exchange rate environment. Although sales of the popular Bravia line of TVs contributed strongly to revenues, profits were negative due to increased downward pressure on pricing at retail; Sony expects that television-related operations they will turn profitable in the second half of the fiscal year.

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