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Sony profits soar on image sensors, games, "Spider-Man" film

October 31, 2017 - 12:11 AM

TOKYO - Sony Corp. is reporting its fiscal second quarter profit zoomed by 26-fold from the same period last year, boosted by the success of its image sensors, game products and the latest "Spider-Man" movie.

Tokyo-based Sony, which makes Bravia TVs, PlayStation 4 video-game consoles and Wyclef Jean recordings, reported Tuesday a July-September profit of 130.9 billion yen ($1.2 billion), up from 4.8 billion yen reported last year.

Quarterly sales rose 22 per cent to 2.06 trillion yen ($18 billion).

The Japanese electronics and entertainment giant raised its full-year profit forecast to 380 billion yen ($3.4 billion), up by nearly 50 per cent from its earlier forecast for 255 billion yen ($2.3 billion) profit.

That's a more than five-fold improvement from the 73 billion yen earned in the fiscal year that ended in March.

News from © The Associated Press, 2017
The Associated Press

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