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Sunday, April 26, 2015

Sony predicts a $2.5B operating profit for 2015

Sony has updated its operating profit forecast for the 2015 fiscal year, bringing the number up to JPY 300 billion. That translates to $2.52 billion and is four times as much as previous company estimates.
The information comes courtesy of Japanese newspaper Nikkei, but no official statement from Sony has been released. If the forecast turns into reality, it will be the company's highest profit since 2008.
The reason for the improved figures lies in expectations for higher sales of display sensors for mobile phones, as well as better market performance of the Playstation gaming console. The corporation's smartphone business is not the driving factor though, and persistent reports claim the division may soon be put up for sale.
The ongoing restructuring of the company, however, is finally showing results and Sony will attempt to put behind its back several years in the red, brought about by dwindling smartphone and TV sales.

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