Da Vinci Code recovers Sony’s losses
Da Vinci Code recovers Sony’s losses
Sony Corp said hit movie The Da Vinci Code helped it reverse losses in June quarter.

Tokyo: Sony Corp said on Thursday strong sales of flat-panel televisions and the hit movie The Da Vinci Code helped it reverse a year-earlier loss in the June quarter to continue its turnaround.

The Japanese electronics giant, undergoing major restructuring, reported a net profit of $ 278.3 million for the fiscal first quarter, after a net loss of 7.26 billion yen a year earlier.

Sales at the core electronics goods unit rose 13.5 per cent while the pictures business saw a 41.8 jump in revenue.

The Da Vinci Code, the film based on Dan Brown's best-selling novel, is Sony Pictures' most successful ever overseas release.

At the same time, however, the games segment suffered a 29.1 percent sales slump as demand for the company's PlayStation 2 video games console weakened in the face of increased competition from the Microsoft's new Xbox 360.

The PlayStation 3 is one of Sony's core products and its success is considered vital to a revival after a profit slump at the group.

Sony was forced to delay the launch of the latest version of the hugely popular PlayStation series by about six months until November, giving arch-rival Microsoft a one-year head start with the Xbox 360.

What's your reaction?

Comments

https://filka.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!