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LequteMan
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Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007.
The firm's operating profit more than quadrupled to $2.70 billion for the year ended March. This is roughly in line with the firm's forecast announced earlier this month.
The boom is due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames.
The profit jump indicates that massive restructuring in consumer electronics divisions such as mobile phones and televisions is paying off after years of losses.
The firm's operating profit more than quadrupled to $2.70 billion for the year ended March. This is roughly in line with the firm's forecast announced earlier this month.
The boom is due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames.
The profit jump indicates that massive restructuring in consumer electronics divisions such as mobile phones and televisions is paying off after years of losses.
