Sony Profit In FY07 To Surge Over 500% Over FY06

Posted: Apr 13 2007, 12:05am CDT | by , Updated: Aug 11 2010, 1:31am CDT, in News | Technology News

Sony Profit in FY07 to surge over 500% over FY06
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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 (Subscription) and on Reuters.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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