Sony Revises Profit Forecast to Indicate Profitable PlayStation Division
Sony has just revised its profit forecasts, predicting that its PlayStation division will do even better than it previously expected it to do.
According to the forecast for this fiscal year, which ends on March 31 of next year, Sony’s PlayStation division is expected to hit an operating profit of 68 billion yen ($569 million), which is quite a bit higher than the original expectation of 20 billion yen. This, in part, may be due to the company’s three-year plan to make Sony profitable overall. The plan puts an emphasis on the PlayStation division.
Despite the increase in its expected profits in the PlayStation division, Sony is still foretasted to post a 126 billion yen ($1.05 billion) loss overall. The loss is thanks to its dying consumer electronics division, which has been struggling for some time. It will be interesting to see the more detailed report when it releases on April 30.