Sony Profits Surge for Quarter
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone joint venture and gains in its movie business, led by "Spider-Man 2."
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MUMBAI: Electronics and entertainment major Sony has reported a 61 per cent increase in net profit for the second quarter ended 30 September.. Sony&#39;s net income rose to 53.2 billion yen ($500 million) from
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TechWeb - Sales of Sony's new disk format jumped up two weeks after the release of its PlayStation 3 videogame console.
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Sony said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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Profit at Tyco&#39;s electronics unit rose more than fourfold in the quarter as revenue climbed 15 percent on higher sales volume in automotive, communications, computer and consumer electronics.
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Sony Corp.  said on Monday  U.S. sales of electronics have been better than expected so far  this holiday shopping season, fueled by demand for flat panel  televisions and digital cameras.
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone joint venture and gains in its movie business, led by &quot;Spider-Man 2.&quot;.
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Quarterly profit soared thanks to new products, increased marketing and improvement in international business, the company said.
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A recovery in electronics sales offset losses in video games and helped boost Sony's profit for the July-to-September quarter more than 40-fold over the same period a year ago.
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Sony said its profit rose in the final three months of 2007, aided by robust sales of televisions and computer games.
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Sony Corp.   said on  Wednesday it sees its electronics sales growth outpacing the  industry in the current fiscal year, fueled by demand for big  televisions and digital cameras, while a decline in component  pricing could benefit profits.
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Third-quarter profit for Research in Motion more than doubled on strong demand for its BlackBerry smart phones and related services by consumers and businesses.
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Broad and strong revenue growth drove Oracle Corp. to higher profit in the fourth quarter and the company's full 2007 fiscal year.
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The company said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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Johnson &amp; Johnson  on Tuesday  said its second-quarter profit rose on higher sales of its  medical devices and prescription medicines.
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Tyco Electronics reported a higher quarterly profit Wednesday, helped by a tax benefit and strong demand from telecommunications customers.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared, beating expectations at a time when investors are nervous that IT spending is slowing, and its shares climbed 4 percent.