Q3 2014 – Sony Net Profit Up 238% From a Year Earlier

by Sohrab Osati | Feb 3, 2015 | 7 comments
Sohrab Osati

CES_2015_Kaz_Hirai_WaveHot on the heels of announcing a spectacular quarter for PlayStation which saw Sony sell 6.4 million PS4 consoles and, in turn, keep the division in black, Sony has another stellar number to announce. During Q3 2014, which falls between September 1st and December 31st, Sony’s net profits were up 238% from the year prior. Thanks to a rise in their TV business, alongside a slightly up mobile division, Sony estimates a net profit of ¥89 billion ($756 million).

More details after the jump.

Despite what can be described a fantastic trend for the company, Sony still believes they’ll finish the year with a net loss of ¥170 billion ($1.44 billion). This however is still an improvement over earlier estimates which put the company at a  ¥230 billion loss ($1.96 billion).

Revenue also appears to be up  by 6% year-on-year to ¥2.56 trillion ($21.7 billion) while operating profit is forecasted at ¥178.3 billion ($1.51 billion).

Discuss:

Do you think Sony is started to head in the right direction?

[Via Sony]