Cameras

Sony Announces Spike in Sales, Increased Profit

Yesterday, Sony announced its Q1 profits, beating expectations to bring in a record $826 million in operating profit for the period ending June 30.

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July 30, 2007 – Sony last week announced its Q1 profits, beating expectations to bring in a record $826 million in operating profit for the period ending June 30.

Net income rose 105.8 percent to $540 million, while sales and operating revenue rose 13.3 percent and the electronic segment sales rose 11.6 percent over the first quarter of 2006.

Operating income in the core electronics division also jumped 77 percent over Q1 2006 to $684 million, while overall operating income rose 276.2 percent to $808 million on a year-by-year basis.

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