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

[MoHasanie]

Teeqoz said:

MoHasanie said:

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.

Ah, I misread it. It's good that they are forecasting a lower than expected profit, since it will be better for the stock price when the results come out.