Sony profit more than triples on digicam, yen

by pgaliba | July 26, 2007 at 05:41 am
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Sony said on Thursday its quarterly profit more than tripled after strong digital camera sales and a softer yen far outstripped losses at its game unit.

Sony, in the final year of a three-year turnaround plan led by Chief Executive Howard Stringer, has seen its PlayStation 3 game console outsold by Nintendo's Wii since the two machines were launched late last year.

But Sony's Cyber-shot digital cameras were in strong demand. The electronics and entertainment conglomerate also benefited from a weaker yen and a firmer stock market, which has boosted earnings at its financial division.

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