Monday, January 25, 2021

SONY FINALLY POSTS A WINNING QUARTER

July 31, 2014 by · Leave a Comment 

After posting a seemingly endless series of dismal quarterly earnings reports, Sony surprised analysts on Wednesday with one of its best quarterly results in recent memory. To be sure, net income was up only slightly to a not-very-impressive $261 million, and sales of its smartphones remained weak, but its TV manufacturing business remained profitable after ten straight years of losses and its PlayStation videogame business also posted strong profits after a $160-million loss a year ago. But its film unit continued to shine, with profits more than doubling from a year ago thanks to the success of The Amazing Spider-Man 2 and 22 Jump Street.