Sony Shares Surge On Hopes Of Anticipated Best Profit In 20 Years

Make. Believe.

Posted By | On 25th, Apr. 2017 Under News | Follow This Author @Pramath1605

Sony has raised its earning outlook for the fiscal year that ended March 31- according to Sony, in the financial year 2016-17, its operating income was roughly 285 billion yen ($2.6 billion), up from a previous forecast of 240 billion yen. Pre-tax profit is expected to come in at 250 billion yen, up from February’s forecast of 196 billion yen.

“The forecast for consolidated operating income has been revised upward due to expected improvement, compared with the February forecast, in all segments other than the components segment, which is expected to deteriorate compared with the February forecast,” Sony said in its statement on Friday.

“The primary reasons for the upward revision in the segments that are anticipated to improve are expected decreases in amortization of deferred insurance acquisition costs and other costs in the Financial Services segment and lower costs than anticipated in February in the other segments, particularly Semiconductors.”

This is expected to be the best profit the company has turned in 20 years– and so, CNBC is reporting, its shares are surging on the stock market. This is good news, because a healthy Sony means that PlayStation can continue putting its best foot forward like it has been- and that can only mean good things for the industry.

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  • The truth-ier

    MS makes more in one quarter then Sony does in a whole year. Sony as a Corp is a shell of its former self, and funny this pro sony site has not reported on MS record stock price.

    • Riggybro

      MS is a multibillion dollar monopoly. It is like reporting on Bill Gates’ wealth increasing 10%. What is there to report?

      Sony is a smaller comeback company who is currently sticking it to a behemoth company no matter how much money MS is attempting to throw at the problem. That is something interesting and out of the ordinary to report.

    • crazy_black_man-

      You’re speaking The truth-ier. Sony is spanking that ugly green a ss.

    • Rasta4

      Is this sticking it to em ??
      the ps4 “pro” is pretty much a widespread embarrassment …and Sony’s single player hack n slash games are mediocre at best with little to no replay value. May as well just beat em on PC and save the $. Where are the VR games for this $500 pile of plastic and wires that I bought PSVR ?!?!? At this point Sony offers me….No native 4k games (some as low as 720p), no back compat, a $500 PSVR lie, inferior multiplats, no upgrade to shader model 6 textures, no improvements on 1080p TVs, no EA access, gimped mod support, no dedicated servers, no game pass downloading service, no 4k bluray, no digital refunds….and NO MULTIPLAYER GAMES as good as Xbox’s. Sounds like they are sticking it to you….LOL

    • Riggybro

      As long as there are still 26 million of you around Microsoft have nothing to worry about

    • Dougdec92

      More like what atom did to Zeus in real steel

    • Mr Xrat

      All that money and no games.

  • Michael

    Best profit? More like only profit. We all know sony isn’t making money.

  • Mr Xrat

    No! No!!!!!!!!!!! It’s not fair! It wasn’t meant to be this wayyyyyyyyyy!


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