TOKYO --- Japanese entertainment and electronics company Sony Corp. has reverted to profitability for the quarter through March, boosted by robust demand for game software and network services, as well as gains from Spotify. Sony reported an 87.9 billion yen ($787 million) January-March profit Friday, a reversal from the 13.3 billion yen loss racked up the previous year. Quarterly sales totaled 2.1 trillion yen ($19 billion), up 9% from 1.9 trillion yen. For the fiscal year, Sony reported a near doubling in profit to 916.3 billion yen ($8.2 billion), up from 490.8 billion yen. Sales rose 1% to 8.67 trillion yen ($78 billion). Sony got a gain for its stake in Spotify, whic...
Keep on reading: Sony returns to profit on game software, Spotify gains
from INQUIRER.net http://bit.ly/2W9KOCn
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