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PS4, smartphones power Sony to profit during third quarter

Tim Hornyak | Feb. 6, 2014
Sales of the PlayStation 4 and smartphones helped Sony turn a net profit of ¥27 billion (US$266 million) in the October to December quarter of last year, up sharply from a loss of ¥10.8 billion a year earlier.

Hirai kept his promise to return Sony to profit in the year to April 2013 after it sold off billions of dollars worth of assets including its U.S. headquarters. But despite Hirai's "One Sony" management plan, the company has continued to struggle.

The company's financial year runs from April through March.

 

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