Thursday, February 4, 2010
SONY Corp. posts $871 million (USD) Quarterly Profit
The numbers are in: Sony's electronics and entertainment divisions posted a quarterly profit of $871 million USD (79.2 billion yen). That's QUARTERLY. Third quarter profits a year ago were only 10.4 billion yen. Sony attributes the surge in profits to cost-cutting measures and the performance of its consumer electronics division. We here might beg to differ; certainly the performance of the This Is It film coupled with strong sales of MJ's catalogue had a little something to do with it. Michael had a little something to say about Sony. Watch the video.