Sony Profit in FY07 to surge over 500% over FY06

Apr 13 2007, 12:05am CDT | by Luigi Lugmayr

Japanese newspaper The Nikkei Friday morning edition reports that Sony's operating profit for fiscal year 2007 ending in March 2008 would surge over 500% compared to 2006.

The newspaper cites LCD TV and Playstation 3 sales as the reason for the dramatic profit rise.
The newspaper continues saying if the PS3 sales are sluggish and the U.S. economic is slowing down paired with a strong yen could be hurting Sony in 2007.
Despite a flat Nikkei, Sony's stock rose over 5% based on the report.
More details on Nikkei.net (Subscription) and on Reuters.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.