Sony financial results Q1 FY15, 663 million $ profit, PS4 ships 3 million

[Teeqoz]

MoHasanie said:

Teeqoz said:

I reckon 300 million USD is the minimum, up to 500 million, which is rather good really.  Estimates peg Sony earnings at ~1.8 billion USD for the fiscal year, so they really have turned things around.

That would be good. I think they can make more than $1.8bn. In May, Hirai said Sony should make $2.7bn in profit for the fiscal year. So if they want to reach that target, they'd probably need to make more than $500m in the first quarter. 

That's operating profit, not actual profit. In that same article, they also say they're expecting a net income (actual profit) of 140 Billion yen, or ~1.4 billion USD, but they are lowballing it so that they won't miss the forecast, which is why analysts are estimating 1.8 billion.

 

But you're right, they'll still probably make a bit more than 500 mill this q, but remember they (will) make quite a nice profit in the third (holiday) quarter, which makes up for slack in the rest of the year.