Sony Sees Results of Restructuring With Strong Earnings

2017-08-02 7

Sony Sees Results of Restructuring With Strong Earnings
On Tuesday, the company, which has been shifting its focus onto small-scale products like camera sensors, consoles
and video games, reported sharp increases in revenue and net profit in the second quarter.
Sales of Sony’s PlayStation 4 video games console and PlayStation VR, a virtual reality headset, helped drive the strong results.
Sony, the Japanese electronics maker that has been trying for years to ease its reliance on computers, televisions
and mobile phones, is finally seeing the results of its restructuring.
Sony’s earnings for the second quarter last year had been affected by earthquakes in Japan, which led to shortages of components for its camera unit.
That helped bolster net profit, which surged to 80.8 billion yen, or about $732 million, from 21.2 billion yen the year before.