Sony Corp. defied the worldwide slowdown in fiscal 2001 by logging record consolidated sales, thanks to a sharp increase in sales of the PlayStation2 game console and a weakening of the yen, company officials said Thursday.
The electronics giant reported 7.58 trillion yen in group sales, up 3.6 percent from the previous year.
Its consolidated profits, however, declined from the previous year. This was attributed to shrinking trade in the electronic device sector and to losses posted by Aiwa Co., a struggling subsidiary that manufactures audiovisual equipment, according to Teruhisa Tokunaka, Sony's executive deputy president and chief financial officer.