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PlayStation strength propels Sony profit

Jul. 31, 2018 5:18 AM ETSony Group Corporation (SONY) StockSONYBy: Yoel Minkoff, SA News Editor1 Comment
  • It was another strong quarter for Sony (NYSE:SNE), buoyed by strength in its PlayStation business and demand for smartphone camera components.
  • For the April-June period, the company reported net profit of ¥226.4B ($2.04B), compared to ¥80.9B in the same quarter a year ago.
  • Sony’s fiscal first-quarter earnings were also lifted by the sale of part of its stake in Spotify.
  • SNE +1.3% premarket.

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