Sony (Hanover: SON1.HA - news) on Friday nearly tripled its annual net profit forecast, citing lower-than-expected costs in its chip business and other divisions, including the PlayStation games business.
The Tokyo-based firm is now expecting net profit of 73 billion yen ($668 million) for the fiscal year to March, well up from its last forecast of 26 billion yen.
Sony nearly triples annual profit forecast
The Tokyo-based firm is now expecting net profit of 73 billion yen ($668 million) for the fiscal year to March, well up from its last forecast of 26 billion yen.
Sony nearly triples annual profit forecast