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Report - Sony to report ¥100 billion profit between October - December

News by Johnny Cullen Contributor

Published on Jan. 28, 2010

According to a report from Nikkei (via Reuters), Sony is set to announce a ¥100 billion ($1.1 billion) uptake for the period between October - December 2009.

If so, it'll be the first profit the company has posted for its SCE divison in four quarters, bringing it into "operating profit".

The Japanese newspaper also predicts the profit will be way more then what the original forecast was going to be, which was already looking good anyway.

It comes after Sony cut the price of PlayStation 3 to $299/€299/£249 last August, as well as introducing a slim-line PS3 at retail.

The profit is also helped by a recovery in the company's LCD TVs division.