Sony Corp on Friday reported quarterly profit that beat market estimates, as videogame sales and cost cuts in its flagging mobile business offset a fall in sales of the image sensors that had led the company's turnaround a year prior.
October-December operating profit rose 11 percent from a year earlier to JPY 202.1 billion ($1.68 billion), beating the average JPY 175 billion forecast of 8 analysts according to Thomson Reuters data.
Sony has fallen behind Apple Inc and Samsung Electronics Co Ltd as well as low-cost Asian rivals in consumer electronics such as smartphones and TVs.
But cost cuts as well as strong sales of PlayStation 4 games and image sensors used in smartphones helped a turnaround at the Japanese manufacturer over the past year.
Sony said quarterly sales of devices, including image sensors, fell 13 percent from a year earlier. The segment, also hit by weak battery sales, booked a loss of JPY 11.7 billion compared with a JPY 53.8 billion profit in the previous year.
The company maintained its outlook for full-year operating profit to grow to JPY 320 billion from 68.5 billion in the previous year.
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