Thursday, July 26, 2007

Sony Q1 profit tripples on digicam sales, yen

(Reuters) - Sony has been mounting a steady profit recovery on the back of expanding sales of key electronics products and a leaner cost structure after shutting factories and cutting thousands of jobs over the past few years.




But the company, in the final year of a three-year turnaround plan under Chief Executive Howard Stringer, has seen its PlayStation 3 outsold by rival Nintendo Co. Ltd.'s Wii console and its game division is mired in the red.


Read more at Reuters.com Market News

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