Sony Posts Record Quarterly Profit
<i> From Bloomberg News</i>
TOKYO — Sony Corp. posted record quarterly sales and profit, fueled by strong demand for its PlayStation video-game machine, Wega TVs, MiniDisc players and “Men in Black” video.
Group net profit for the October-December quarter soared a higher-than-expected 46% from a year earlier to $878 million. Sales rose 20% to $16 billion.
Sony raised its earnings forecasts for the full year to March, on expectations demand will continue.
Including software, the PlayStation system accounted for 14% of Sony’s sales during the period, and a quarter of its operating profit.
