Sony Q1 profit jumps on games, networks

Sony's operating profit in the first quarter of its fiscal year surged to 69.8 billion yen (US$680mil) from 35.5 billion yen a year earlier - AFP Photo.

TOKYO: Japan's Sony Corp said operating profit doubled in the April-June quarter, helped by a strong performance in its games and networks division, even as the firm cut smartphone and TV sales forecasts that analysts had said were too ambitious.

Sony said operating profit in the first quarter of its fiscal year surged to 69.8 billion yen (US$680mil) from 35.5 billion yen a year earlier, easily beating the 16.6 billion yen expected according to the average of six analysts' estimates according to Thomson Reuters Starmine.