Thursday, July 26, 2007

Sony profit more than triples on digicam, yen

Sony said on Thursday its quarterly profit more than tripled after strong digital camera sales and a softer yen far outstripped losses at its game unit.


Sony, in the final year of a three-year turnaround plan led by Chief Executive Howard Stringer, has seen its PlayStation 3 game console outsold by Nintendo's Wii since the two machines were launched late last year.


But Sony's Cyber-shot digital cameras were in strong demand. The electronics and entertainment conglomerate also benefited from a weaker yen and a firmer stock market, which has boosted earnings at its financial division.



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Tags: Console | Cyber-Shot | digicam | digital camera | electronics | Entertainment | Howard Stringer | Nintendo | Playstation | Profit | sales | sony | triples

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