Sony Q2 Profit Up25 Oct, 2007 By: Erik Gruenwedel
Resurgent consumer electronics sales helped Sony Corp. post second quarter (ended Sept. 30) profit of $641 million, compared to about $15 million during the same period last year.
Sales of PS3 topped 1.3 million units, which lagged unit sales of PlayStation Portable (2.6 million) and PlayStation 2 (3.3 million). Indeed, Sony's game unit posted an operating loss of $841 million, due primarily to the PS3 markdowns that have resulted in the device selling for less than its production cost.
The theatrical success of Superbad helped Sony Pictures Entertainment, which includes Sony Pictures Home Entertainment, post operating income of $23 million on revenue of more than $1.6 billion. The group recorded an operating income loss of nearly $133 million and revenue of more than $1.5 billion last year.
Total Sony Corp. revenue topped $18.1 billion, compared to $16.2 billion last year.