Sony Profit Spurred by Image Sensors & Video Games

Sony Profit Spurred by Image Sensors & Video Games

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Tokyo, Japan—Sony Corp. announced net profit more than tripled during the April/June quarter, spurred by strong sales in its image sensor and video game divisions. Net income rose to Yen82.44 billion ($665 million) from Yen26.8 billion a year earlier. However, sales were flat.

Sony just underwent a multiyear restructuring, led by CEO Kazuo Hirai, to lessen its dependency on loss categories, such as TVs and mobile phones. Sony’s shares have nearly doubled over the past year on signs that the turnaround is working.

In a press conference, the company said that sales in its “devices” division, which includes image sensors, rose 35% in the April/June quarter. Another focus of the reorganization, the PlayStation 4 video game console, saw sales rise 12% in the quarter, according to Sony. sony.com

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