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Sony profits up in financial first quarter


After losing money in the same period a year ago, Sony outperformed analysts expectations in the April-June period and profited $276 million US. LCD sales of their BRAVIA line were up "five-fold" from last year, as their partnership with Samsung netted more than $29 million by itself. According to CFO Nobuyuki Oneda TVs were still in the red as a whole but were the largest contributing factor to their growth. Even including expected costs associated with launching the Playstation 3 this fall (Blu-ray format, the BDP-S1 and other non-Playstation products went notably unmentioned in the articles and internal documents we read ), they revised their operating profits forecast by 30% for the financial year ending next March.

After a string of bad news, reviews and delays Sony may be ready to get back on a winning track and their big products for the holiday are still waiting in the wings.

Read - Sony Returns to Profit in Fiscal 1Q - AP
Read - Sony Game Sales Down 30% - Next Generation
Read - Sony swings to Q1 profit, recovery on track - Reuters
Read - Q1 FY2006 Sony Group Earnings Announcement - Sony

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