Sony Sees Highest Profit Since 1998
- CEO Kazuo Hirai’s turnaround effort seen nearly complete
- Game sales, demand for phones with dual cameras fueling growth
The Sony Corp. headquarters.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Sony Corp.’s recovery is nearly complete, with the electronics maker targeting its highest annual operating profit in two decades.
Continued dominance in gaming and strong growth in phone-camera chips will translate into operating profit of 500 billion yen ($4.5 billion) for the fiscal year through March 2018, the Tokyo-based company reported Friday. That was in line with the 507 billion yen average projection by analysts.