Oct 31, 2017

Sony forecasts record annual profit as sensor sales rise

Japan's Sony has said it expects to deliver record annual profits as sales from its gaming businesses and smartphone parts boost the firm. The electronics company has forecast an operating profit of 630bn yen for the year to March. In a statement on Tuesday, the company also said profit for the three months to September jumped to 204.2bn yen, from 45.7bn yen a year earlier. Sony also pointed to healthy sales in its motion picture business thanks to the success of Spider-Man: Homecoming around the world. Sony has made thousands of job cuts and asset sales, and focused on gaming and image sensors to drive the turnaround of its business after years of losses.

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