Sony posts encouraging results ahead of new PlayStation launch

Advertisement
By Agence France-Presse | Updated: 7 February 2013 13:45 IST
Japanese electronics giant Sony said Thursday that its net loss from April to December shrank 75 percent on-year and added that it remains on track to achieve its forecast of a full-year profit.

The company lost 50.87 billion yen ($544 million) in the nine months, compared with a 201.45 billion yen loss in the same period a year earlier, while it expects to book a 20-billion-yen net profit in the year to March.

The results, which follow reports that Sony will this month announce the late 2013 launch of its latest PlayStation games console, showed the firm also returned to profitability on the operating side from a year earlier.

Nine-month operating profit was 82.96 billion yen, reversing a year-earlier operating loss of 65.86 billion yen, Sony said.

Advertisement

Sales in the period rose 3.6 percent to 5.07 trillion yen thanks to strong demand for mobile products and movies, offsetting falling sales of liquid crystal display televisions and in the key games unit, the company said.

Advertisement

Last month, Sony said it was selling its US headquarters in Manhattan for about $1.1 billion as part of a huge restructuring, with separate reports saying it may also unload one of its main buildings in Tokyo, which accommodates the company's struggling television division.

The New York sale, expected to close in March, comes as the once-iconic company aims for a return to profitability after four years in the red.

Advertisement

Last year, Sony's hard times saw its stock value tumble below 1,000 yen a share for the first time since the era of the Walkman. The shares have since come back, closing 2.56 percent higher at 1,519 yen on Thursday in Tokyo.


Sony at CES 2013
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Realme Narzo 90 Series With 7,000mAh Battery Launched in India: See Pricing
  2. Pixel 10 Series Gets Price Cuts During Google's End of Year Sale: See Offers
  3. Redmi Note 15 5G Chipset Revealed Ahead of January 6 India Launch
  4. MacBook Air (2025) With M4 Chip Available at This Discounted Price
  5. Lenovo Idea Tab Plus Launched in India With 10,200mah Battery: Details
  6. Oppo Reno 15c With Snapdragon 7 Gen 4 SoC Launched at This Price
  7. SBI YONO 2.0 Launch: State Bank of India Reportedly Targets 20 Crore Users
  8. Redmi K90 Ultra Could Bring a Massive Battery Upgrade
  9. RAM Crisis 2026: 16GB Phones Out, 4GB Models Making a Comeback
  10. Logitech MX Master 4 Launches in India With These Features
  1. Bungie Shares New Vision for Marathon, Confirms New March 2026 Launch Window, $40 Pricing
  2. Google to Discontinue Dark Web Reports in February 2026, Directs Users to Existing Privacy and Security Tools
  3. Realme Narzo 90 5G, Narzo 90x 5G Launched in India With 7,000mAh Battery, 50-Megapixel Cameras: Price, Features
  4. Redmi K90 Ultra Said to Feature a 10,000mAh Battery and a Slim Frame
  5. SBI YONO 2.0 Launch: State Bank of India Reportedly Targets 20 Crore Users, Plans to Hire 6,500 Staff
  6. iOS 26 Leaked Code Hints at Launch of New Smart Home Device, New Health+, Siri, Photos Features
  7. OnePlus Turbo Series Confirmed to Launch Soon With the ‘Strongest Battery’ in the Segment
  8. Realme Narzo 90, Realme Narzo 90x 5G Launching Today: Know Price in India, Features, Specifications and More
  9. Webb Telescope Discovers Hidden Atmosphere on Molten Super-Earth TOI-561 b Despite Extreme Heat
  10. Astronomers Watch a Dormant Neutron Star Reignite After a Decade of Silence
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.