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Sony Profit More Than Doubled in 2Q

26 July 2007

Sony said Thursday its April-June net profit more than doubled to 66.46 billion yen ($551.5 million) from the previous year, on solid sales of flat-panel TVs and video cameras.

Sony Corp. (nyse: SNE - news - people ), which makes the PlayStation 3 video-game console and Walkman portable audio player, earned 32.29 billion yen the same period a year earlier.

Quarterly sales jumped 13.3 percent to 1.977 trillion yen ($16.41 billion) from 1.744 trillion yen the previous year. More good news for Sony. Though, I don't think this was much of a surprise to anyone given the recent temporary price cut.

Source: Forbes


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