Sony posts a profit for the fourth fiscal quarter
Revenue Reports May 15th, 2008
Sony posts a profit for the fourth fiscal quarter
Sony has posted a $277 million profit for their fourth fiscal quarter.
This is a much improved performance compared to last year when they had posted a loss.
The company gained from improved performance of their Playstation 3 gaming console.
Sony said that their full-year profit almost tripled to $3.5 billion.
The company has however warned that their profits will tumble more than 20 percent this fiscal year. This is mostly due to a stronger yen.
Sony Playstation 3 division is yet to generate profits for the company but it has been performing well in the recent months. Sales have improved with the new games appearing for this platform.
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Tags: Revenues, Sony, sony playstation 3
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