Sony Posts Profit, Gaming Loss Widens
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Sony returned to profitability in its fiscal second quarter thanks to a weaker yen and strong digital camera sales, however its gaming and TV divisions -- including the PlayStation 3 -- continued to struggle.
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Sony Corp. (6758.T) said on Thursday it  has no plans to change its targets for shipments of its  hot-selling PlayStation 3 and operating profit margin,  signaling its recovery is on track despite drawbacks such as  battery recalls.
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Sony Corp swung to a quarterly operating profit as it booked strong sales of liquid crystal display TVs and digital cameras and benefited from a weaker yen, and it slightly raised its full-year forecast.
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TOKYO Sony on Thursday reported a 61 percent jump in net profit for the most recent quarter as &quot;Spider-Man 2&quot; pulled in money for the company&#39;s movie division, helping to conceal slides in its consumer electronics and video game businesses.
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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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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
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Mobile phone maker Sony Ericsson said fourth-quarter profit fell almost 17 percent as higher costs more than offset the effect of a rise in shipments.
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Sony Corp sold 1.2 million  PlayStation 3 video game consoles in North America over the  holiday season, the company said on Sunday.
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Sony Corp. (6758.T) shares fell as much  as 2.6 percent on Thursday, hit by another delay in the launch  of its PlayStation 3 game console, but outperformed sector  peers and the broader market by the end of the day as investors  weigh the likely impact of the delay.
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PeopleSoft Inc. PSFT.O on  Thursday reported a quarterly net profit, after a year-earlier  loss, due to stronger sales of its business software than it  had expected.
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Electronic Arts Inc  posted a 44 percent rise in quarterly profit on Thursday and gave forecasts in line with Wall Street estimates, but shares  in the world's top video-game publisher fell 6 percent.
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Sony Corp (6758.T), maker of PlayStation  game gear and Vaio PCs, posted a small rise in quarterly  operating profit and cut its outlook as weaker markets ate into  its investments and a firmer yen hurt overseas sales.
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PeopleSoft Inc. PSFT.O on  Thursday reported a quarterly net profit, after a year-earlier  loss, as the company saw stronger sales of its  business  software than what it had forecast earlier despite its  continued fight to block a takeover from rival Oracle Corp.
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The company turned in a wider Q1 loss but is still on track for a profitable year.
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Sony Corp. (6758.T) said on Friday that  losses at its games division in the July-September quarter may  be bigger than its losses for the quarter ended in June due to  a possible increase in valuation losses on PlayStation 3  microchips.
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Electronics giant Sony cuts its operating profit and sales targets for this business year, blaming falling product prices.
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Sony Corp. on Thursday cut its operating  profit estimate for this business year by 31 percent, citing  sharply falling prices of televisions, video cameras and other  key consumer electronics products, and weak demand for chips.