Sony on track to set new annual profit record

Updated:8 years, 8 months ago

New Delhi,Nov 05 (ANI) : Japan’s tech giant Sony is all set to become profitable again under the guidance of CEO Kaz Hirai. Sony which reported its biggest loss ever in 2012, aims to set a new high this year. Investments in PlayStation, TV Production and the company's partnership with tech rival Apple are the main reasons behind its recovery. Company’s film unit is one of the company's strongest performers and the driving point behind the expected profit margins. Business is looking up for Sony Pictures in 2017, which is most likely set for its best year at the box office since 2014, owing to popular films such as Spider-Man: Homecoming, Baby Driver, and Blade Runner 2049. Moreover, Sony Music has also benefited from the rise of digital services such as Spotify and Apple Music.

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Sony on track to set new annual profit record

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