Published: Wed, August 02, 2017
Tech | By Constance Martin

Sony Records $1.43 Billion In Profit From April To June 2017

Sony Records $1.43 Billion In Profit From April To June 2017

Sony Corporation posted a spike in first-quarter operating income, which reached 157.6 billion yen ($1.43 billion), up 180.5 percent.

However, Sony cut its sales outlook for the full year for its sensors, issued one quarter ago, by nearly 3% as phone makers in China shift from building handsets that are high end that Sony has typically targeted. The Minato, Tokyo-based conglomerate said that its sensor business is the biggest factor that benefitted its recent performance, having recovered from a massive natural disaster that it suffered through in 2016.

Five years ago, after seeing losses of $2.9 billion, Sony announced that it would be focusing its efforts on dominating three things: games, mobile, and image sensors.

For fiscal 2017, attributable net income was 73.3 billion yen or $654 million, operating income was 288.7 billion yen and sales and operating revenues were 7.60 trillion yen or $67.89 billion. Sales saw a sharp 15% increase to ¥1.86 trillion ($16.9 billion). Sony said it is on course to achieve a sales target of 18 million for the year through March. Other revenue, including licensing, merchandising, and live performances, saw a slight 9.6% increase to ¥14.883 million ($134.7 million).

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The Walker County Sheriff's Office released a list of prisoners they were hunting for, as well as their mugshots late on Sunday. Six of the inmates remained on the loose, the statement said, including two who were serving time for attempted murder.

Sony has confirmed that it is raising the price of PlayStation Plus, its subscription programme which enables PlayStation 4 online multiplayer access, cloud save storage and offers free-to-download games each month, with the annual membership fee jumping a quarter to £49.99 in the UK.

Sony Corp's total profits for the Q1'17 period were 80.9 billion yen ($732.22 million), representing yet another dramatic year-over-year earnings spike of 282.1%.

Further, for fiscal 2018, the company continues to expect attributable net income of 255 billion yen, and operating income of 500 billion yen. Television Productions sales increased significantly, primarily due to higher licensing revenue for US series such as The Last Tycoon and Better Call Saul.

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