LOOKING UP: After years of profit downgrades and strategic drift, Sony has turned a corner this year with a restructuring that has involved shedding 15,000 jobs, exiting PCs and spinning off its TV business.
TOKYO: Sony shares soared more than 12% in Tokyo on Feb 1 after the electronics giant posted a nine-month net profit of almost US$2.0bil (RM8.32bil) thanks to strong sales of its game console and parts for mobile gadgets.
The firm has been working to claw back to profitability under a painful restructuring that has included layoffs and asset sales, including its Manhattan headquarters and laptop division.
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