Sony beat profit estimates in new released Q3 earning numbers. Net income only fell 5.3% (analysts have estimated higher declines) and Sony raised its annual net income forecast by 38%.
A weaker Yen helped profits on flat-screen TVs. Sony Cyber-shot cameras, Sony Ericsson phones and the Sony movie studios (James Bond) did well too.
The only big issue is the gaming division. The Sony PS3 is weighing heavily and keeps the division at a big loss. To really turn things around the Sony PS3 needs to really do well in 2007. Sony says to still plan to ship 6 million PS3 consoles by end of the fiscal year. They already shipped about 2 million.
I guess Sony has high hopes on Europeans buying tons of Sony PS3s when it launches in March.
Sony also of course needs to push again the PS3 sales in the United States. New game titles will be needed that really set the console apart and justify its price. What upcoming Sony PS3 game are you really excited about? If you have a tip, please email me.
Details on the Sony Q3 earning numbers can be found on Bloomberg and MSNBC. More Sony PS3 News.
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