Splitting Sony Won't Restore Its Future
MADISON, Wis. — Sony posted net income of 3.5 billion yen (US$35 million) in the quarter that ended June 30, after a loss of 24.6 billion yen in the quarter a year earlier. Sony also reported an operating profit of 36.7 billion yen ($369.68 million), beating the 25.3 billion yen profit expected by financial analysts.
The increased sales of Sony's Xperia smartphones and image sensors, however, also contributed to the results. Sony's revenue increased 13 percent, to $17.3 billion.
So, is Sony out of the woods? Hardly.
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