Report: Sony strikes gold, sees profitable Q1

ethomaz

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ethomaz on 27 July 2010

Somewhere, off in an – in all likelihood fictional – alternate universe, Kevin Butler’s riding a golden jet ski powered by fuel made from ground-up diamonds.

Of course, he always did that. But now, Sony can actually afford it.

According to Japanese publication Nikkei (via ABS-CBN), Sony’s set to announce a first quarter net profit of 30 billion yen ($342 million) thanks in large part to “aggressive cost-cutting.”

We imagine cake and confetti are the orders of the day around the Sony offices, as this is the first profit in two quarters. For comparison’s sake, the electronics giant reported a 25.7-billion-yen loss during the same April-June stretch in 2009.

Apparently, even Sony’s PlayStation division – which was looking a bit green as opposed to seeing it last quarter – managed to turn a profit this time around.

An official announcement from Sony is expected this Thursday.

http://www.vg247.com/2010/07/27/report-sony-strikes-gold-sees-profitable-q1/
http://www.next-gen.biz/news/playstation-biz-swings-to-q1-profit-–-report

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Can be the fist profitable quarter for PlayStation Division after PS3 launch???

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Euphoria14 on 27 July 2010

I read about this yesterday, good turn around from last year.

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ethomaz on 27 July 2010

Yeah... very good news for Sony... and the next quarter could be better because PSN Plus and Move (September launch?).

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Severance on 27 July 2010

look up , Look again ...The Ground is now DIAMONDS

sorry i had nothing else to say.

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Jordahn on 27 July 2010

I'm just glad they can keep pushing hardcore games in their gaming division.

Hackers are poor nerds who don't wash.

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Kantor on 27 July 2010

Woo hoo!

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snfr on 27 July 2010

Well deserved, now keep on making profit, Sony.

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Porcupine_I on 27 July 2010

finally profit! Now i can go from blind loyal follower to complaining about Sony stuff i don't like!

...if anything should come up

“It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday, he reflected, it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it.”

- George Orwell, ‘1984’