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Tag Archives: hiroki totoki

Sony Beats Its Annual Profit Forecast by 5% but Warns on Coronavirus Impact

Sony managed to beat all analyst predictions by 5% for their annual profit outlook. The Japanese company went up to 880 billion yen in profit while 22 analysts from Refinitiv predicted 878 billion yen. Also, when looking at the October to December quarter, Sony profit mainly dropped, but it didn’t drop as much as the analysts predicted. The profit dropped 20% to 300.1 billion yen, while the analysts forecasted 271 billion yen.Sony controls almost half of the world’s smartphone image sensor...

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