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

[Teeqoz]

WoodenPints said:

Teeqoz said:

I certainly hope that's what will happen

Either way, Sony stock is set to perform great the next years as their profit will climb, and they increase their dividend. It's gonna be a nice few years

Didn't they mention about fairly low profit this year building up to 4B+ by 2018? I remember reading something of the sort I think, Either way it would be nice to see them finally stop bleeding regulary and get back into good financially, The Yen is weak at moment so that also makes it a lot more of a up hill battle for them.

Weak yen helps Sony, cause they make a lot of their profit outside of Japan. It'll make their profit look smaller in dollars, but it'll be bigger in Yen. In the same way, the strong dollar is hurting Microsoft and Apple and other big american companies that make lot of their money overseas.

And yeah, they are forecasting a 4.2 billion Operating Profit in fiscal year 2017 (ending march 30th, 2018), though that is operating profit, not net profit. Net profit might be around 3 Billion in the same year.