Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 game consoles, personal computers and televisions.
The Tokyo-based electronics and entertainment giant said Thursday it booked a net profit of ¥25.7 billion — or $294 million at current exchange rates — for the April-June quarter. That was a sharp turnaround from a ¥37.1 billion loss a year earlier. Revenue grew 3.8 percent to ¥1.66 trillion.
Healthier sales stemmed mainly from consumers in emerging markets in Asia and South America, which offset declines in Japan and the U.S.