UPDATE 2-Sony surprises with record profit as image sensor demand offsets weak gaming [Reuters]
SONY CORP (SNE)
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Source: Reuters
Sony surprises with record profit as image sensor demand offsets weak gaming - Reuters 4 Min Read TOKYO (Reuters) - Japan’s Sony Corp ( 6758.T ) surprised the market by reporting on Tuesday a record first-quarter operating profit despite the slowing gaming business, as strong demand for multiple-lens camera systems for smartphones boosted sales of image sensors. Sony is benefitting from sales of more powerful smartphones at customers including Huawei Technologies, offsetting gaming weakness as its almost six-year old PlayStation 4 console nears the end of its life and the cost to develop a next-generation console rises. “Our image sensor sales have been growing independently of the smartphone market growth” thanks to smartphone makers’ adoption of multiple-lens cameras and large-size image sensors, Chief Financial Officer Hiroki Totoki told an earnings briefing. “Our production facilities have been operating at full capacity.” The electronics firm posted an operating profit of 230.93
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