Sony’s triple profit
Submitted by Gaming Briefs and Nostalgia Bits
TOKYO (AFP) - Japan’s Sony Corp. said Wednesday its annual net profit almost tripled to hit a record high as brisk sales of digital cameras and laptop computers offset continued losses from the PlayStation 3.
The electronics giant has endured a difficult past few years amid tough competition from rival products such as Apple’s iPod and Nintendo’s Wii, but is now enjoying a strong recovery under its first foreign boss, Howard Stringer.
Sony said its operating profit leapt more than fivefold, helped by asset sales, and is expected to rise further this year. But its bottom line is set to worsen due to a stronger yen and smaller one-off gains.
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