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Sony Corporation (SNE)
Things looking up for Sony as PlayStation 3 sales pick up
Things looking up for Sony as PlayStation 3 sales pick up
forbes.com - December 2, 2007
Submitted by -THE-RAY- (272) at 4:12AM PST on December 2, 2007
TOKYO (Thomson Financial) - Things seem to be looking up for Sony Corp. After a tough first year, sales of the PlayStation 3 (PS3) are finally gaining momentum while the company's new flat television is reviving its reputation for innovation.
The iconic Japanese company, recovering from a profit slump, is enjoying brisk sales of digital cameras and other electronic goods and expects its operating earnings to soar more than six-fold this year.
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16-THE-RAY- posted on Sony Corporation (SNE) at 4:12AM PST on December 2, 2007. Article: Things looking up for Sony as PlayStation 3 sales pick upTOKYO (Thomson Financial) - Things seem to be looking up for Sony Corp. After a tough first year, sales of the PlayStation 3 (PS3) are finally gaining momentum while the company's new flat television is reviving its reputation for innovation. The iconic Japanese company, recovering from a profit slump, is enjoying brisk sales of digital cameras and other electronic goods and expects its operating earnings to soar more than six-fold this year.[ Oracle ] [ Level 21 ] [ Rank: 272 ]
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Has anyone looked into investing in SNE? The Dubai investment was great news and now that the PS3 is finally outselling the Wii in Japan, there is momentum for the stock. SNE has also introduced the first OLED TVs, but this will probably be a while before revenue comes in. Not sure if they are going to retry the portable music market, but the PSP can substitute those revenues.