Sony sees recovery with a almost quadrupling of profit

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Sony posts 181 percent profit surge for Q1 2017

Operating loss decreased 1.1 billion yen ($9.9 million) year-on-year to 9.5 billion yen ($86 million).

The company left unchanged its full-year operating profit forecast at ¥500 billion - which if achieved will be its best level in two decades - but raised its sales forecast to ¥8.3 trillion from ¥8.0 trillion.

We are just months away from celebrating the fourth anniversary of the PlayStation 4 console, which continues to do well in the market for Sony. (SON.L, SNE) reported Tuesday a significant increase in its first quarter profit, reflecting a sale gain, the absence of prior year charge as well as higher sales. Lower hardware prices wasn't the only contributing factor here, however, as Sony also noted "the absence of the significant contribution of a highly profitable first-party software title" compared to the same period past year.

However, PS4 units shipped declined slightly year-over-year as Sony Interactive Entertainment shipped 3.5 million PS4 units during the first quarter of the last fiscal year.

Sony's music operation consists of Sony Music Entertainment, Sony Japan, Sony/ATV Music Publishing and 39.8 percent of EMI Music Publishing's net income, as well as its growing Visual and Media platform, which consists of revenue from the production and distribution of animation titles (including game applications based on the animation titles) and various service offerings for music and visual products.

Despite the drop in PS4 sales, the Games and Network division saw an increase in sales by 5.4 percent year on year thanks to PlayStation VR and digital game sales. Sony expects to reach 78 million PlayStation 4 shipments by the end of its 2017 financial year. On a constant currency basis, sales increased 14%. During the current quarter, restructuring charges, net, increased 0.7 billion yen year-on-year to 2.4 billion yen. But it would still be the highest since 526 billion yen in the year ended March 1998, when strong sales of consumer electronics including its first PlayStation coincided with box-office hit "Men in Black".

Sony's computer chip sector has also fared relatively well recently on the growth of image sensor sales for mobile products.

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