/
07.31.2006
Originally featured on BroadcastEngineering.com
LCD TVs help Sony return to profitability

Robust sales of Sony’ Bravia brand LCD televisions and Cybershot digital cameras gave the company a better than expected quarterly profit.

A weaker yen also helped Sony overcome valuation losses at its life insurance unit and start-up costs for its PlayStation 3 game console, Reuters reported.

The first quarter result shows a substantial improvement in electronics division's profitability, according to Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.

The TV-led turnaround at its electronics unit is symbolic, as Ryoji Chubachi, Sony's president, has said that there would be no Sony revival without TV revival. Sony saw its liquid crystal display (LCD) TV sales soar fivefold compared to April to June from a year earlier, Reuters reported.

Sony earned an operating profit of 27 billion yen ($233 million) from April to June, topping a forecast of 18 billion yen and recovering from a 7 billion yen loss a year earlier.



Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 2:01PM
IBC APP Now Available
I downloaded the app and found it useful for my main IBC pitfall


 
Featured Articles
Discover TV Technology