Sony Mobile Communications Inc President and CEO Hiroki Totoki speaks during a news conference to announce Sony's new Xperia Z4 smartphone in Tokyo April 20, 2015.
/Toru Hanai
- Japanese consumer electronics maker Sony Corp (6758.T) on Wednesday raised its earnings estimates for the fiscal year that ended in March, citing higher-than-expected sales of camera sensors and videogames. Sony, which has posted heavy losses in recent years with weak smartphone and TV sales, said it probably made an operating profit of 68 billion yen ($569 million) in the year ended March 31, compared with 26.5 billion yen a year earlier.That compares with its previous estimated operating profit of 20 billion yen. The average forecast among 19 analysts for operating profit, due to be announced officially with full earnings details on April 30, was 50.3 billion yen. (Reporting by
Ritsuko Ando and
Chris Gallagher; Editing by Kenneth Maxwell)
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