Sony report 47 percent jump in quarter 2005


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Sony report 47 percent jump in quarter 2005

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The Omniscient / Moderator

Jan 29, 2006, 7:37 AM

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Sony reported a 47 percent jump in quarterly operating profit, helped by currency exchange and strong sales for the PSP. Sony's brighter prospects also reflect valuation gains on investments at its life insurance unit due to Japan's rallying stock market, robust demand for the PSP, and brisk sales of liquid crystal display TVs and notebook PCs.

Sony's core electronics unit posted a higher profit in the quarter, helped by a softer yen and cost-cutting efforts which made up for sliding demand for traditional cathode-ray tube TVs and tumbling prices of image sensor chips.

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DVG: Video Game Reviews & Cheats Playstation Forums General Playstation Forum

Sony report 47 percent jump in quarter 2005