29 Apr '16, 7am

Sony Recorded a 666% Profit Increase, Proves Turnaround Plan Has Merit and Making Headway

After reporting negative results for the past few years, Sony Corporation has finally posted a huge positive turnaround – 666.5% rise in pretax profit for the 2015 fiscal year. This, of course, is mostly due to the cost cutting measures that it has employed to various divisions. Of course, the real reason it has done so well is thanks to the continued popularity that its camera and videogames divisions are currently experiencing. Massive sales for its current videogames platform, the Sony PlayStation 4 (PS4), and multiple devices from the digital imaging unit, along with other product sales like TVs and sound systems have generated an income before taxes value of 304.5 billion Japanese Yen (~RM11.11 billion). This massive recorded profit is a huge jump from the year before, taking in only 39.7 billion Japanese Yen (~RM1.45 billion) in the same period. Even operating profit...

Full article: http://amanz.net/201612300/sony-recorded-a-666-profit-inc...

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