Sony returns to profit, trying to sell Vaio
TOKYO (AP) — Sony is bouncing back from losses, posting a 27 billion yen ($266 million) profit for the fiscal third quarter, helped by a weak yen and better sales. Sony also announced it's trying to sell its troubled personal computer business.
The Japanese electronics maker said Thursday the latest results were helped by a favorable exchange rate, improved sales, especially of its smartphones, and the launch of the PlayStation 4 video-game console.
Tokyo-based Sony Corp. suffered a loss of 10.8 billion yen in the October-December quarter of 2012.
Sony reported a 24 percent surge in quarterly sales to 2.41 trillion yen ($23.8 billion).
It says it's talking with Japan Industrial Partners to sell its Vaio PC business, aiming to reach an agreement by the end of March.