The Japanese electronic company Sony has made about $386 million dollars in sales compared to a $316 million dollar loss last year. These numbers were much higher than what many people expected. It was quite a turnaround for Sony.
Sony's operating profits, reported at $824 million dollars in its quarterly results, were double expectations. The company upped its full-year forecast for operating profits by 11% to around $2 billion dollars. Sony said its PC sales rose more than 60% to 2.3 million. It shipped 3.5 million PlayStation 3 consoles, up 9% from the second quarter last year, with sales boosted by the launch of the Move motion-sensing game controller.
"Sony has overtaken Nintendo in game consoles," said Shi Yong-Ping, an investment manager. "Nintendo has been losing momentum in the market for some time."Web TV
However, Sony's TV business didn't do as well, despite strong demand for flatscreens.
The company hopes to improve with the launch of "connected televisions" in partnership with Google, which will allow users to surf the web via their TV.
http://www.bbc.co.uk/news/business-11650482
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