Sony reports big jump in sales thanks to PlayStation 4

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TOKYO — Sony Corp. reported a 33.5% jump in quarterly profit as sales improved in its PlayStation 4 video game business.

Tokyo-based Sony kept its full-year profit projection unchanged Friday at 140 billion yen ($1.2 billion), which would be a reversal from red ink in the previous fiscal year.

Sony recorded a 120 billion yen ($1 billion) October-December profit. Sales for the fiscal third quarter edged up 0.5% to 2.58 trillion yen ($21.4 billion).

Sony, which also makes Bravia TVs and Xperia mobile phones, has been undergoing a marathon restructuring to focus on more profitable operations.

The company's sales were still struggling in image sensors and mobile communications. But it got a lift from better sales of PS4 game software as well as the machines.

The Japanese electronics and entertainment conglomerate, which also has a music division, benefited from the strong theatrical performances of the films Spectre and Hotel Transylvania 2.

Sales in its music business improved with the release of Adele's new album "25." One Direction's "Made in the A.M." was also a strong seller.

The results appeared to show that Sony was gradually getting its restructuring under control, after selling some assets, such as its Vaio personal computer busin

 

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