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Sony Raises Profit View As Higher Sensors, Videogame Sales Herald Turnaround

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Sony Mobile Communications Inc President and CEO Hiroki Totoki speaks during a news conference to announce Sony's new Xperia Z4 smartphone in TokyoJapanese consumer electronics firm Sony Corp on Wednesday raised its earnings estimates for the second time in three months, citing higher-than-expected sales of camera sensors and videogames. Sony said it probably made an operating profit of 68 billion yen ($569 million) in the year ended March 31, compared with 26.5 billion yen a year earlier. Sony is set to make its official earnings statement for the year on April 30. As part of its restructuring, Sony has spun off its TV business, and also plans split off its audio and video business as part of a new strategy to encourage greater autonomy of its subsidiaries.




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