Sony Hikes Profit Forecast on Rising Image Sensor Demand
- Sales of image sensors soared 40% in the latest quarter
- PlayStation division revenue dropped ahead of new console
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Sony Corp. raised its profit forecast for the second time this fiscal year, boosted by strong demand for the image sensors that power smartphone cameras.
Operating income will probably reach 880 billion yen ($8.1 billion) in the year ending March 31, compared with the 840 billion yen Sony forecast in October and the 877 billion yen average of analysts’ projections, according to data compiled by Bloomberg. Sony also plans a 45 yen per share annual dividend, up from 35 yen last year.