Sony Doubles Fiscal Year Profit Forecasts
Posted on Thursday, April 25 @ 13:00:00 Eastern by Alex_Osborn
Sony is projecting a major improvement this year profit-wise, bumping up its fiscal year estimation to ¥40 billion. That's a sizable increase considering the previous forecast was half that at ¥20 billion.
So why the massive jump? Games Industry is reporting that most of this has to do with the deprecation of the yen over the first three months of 2013. In addition, the performance of its financial services division is much better than they originally expected, so that's a major contributor as well.
The company plans to release its full-year financial results in just a couple of weeks on May 9th, so expect more details then.
Things are certainly looking up for Sony.
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