Nikkei predicts Sony will report operating profit, games division recovery
Japan's Nikkei business daily (via Reuters) estimates Sony will announce an operating profit of about $1.1 billion for this past holiday quarter. This would be the first time the company has posted a profit in five quarters. The financial turnaround is thanks, in part, to the normally loss-heavy television division breaking even, the video game division seeing increased sales of the PlayStation 3, and a helluvalot of lost jobs and plant closings.
Nikkei predicts that the video game group in particular will see its first operating profit in over a year during the quarter. Sony has declined to comment and plans to release the financial results on February 4. The good news should come in opposition to the report issued last year, when Sony predicted a rough future.
