iTnews
  • Home
  • News
  • Technology
  • Hardware

PlayStation 3 helps Sony to five-year high

By Jane Hoskyn
Apr 17 2007 10:08AM
Follow google news

But Samsung takes a slide.

PlayStation 3 helps Sony to five-year high
Strong sales of the PlayStation 3 and flat-screen televisions have hoisted Sony's profits to a five-year high. 

The company has estimated a profit of 60 billion yen (£25m) for the year ending March 2007, and securities analysts have seen a rush of investors attracted by Sony's strengthening game division and the weak yen.

The PS3 is likely to give the electronics giant its biggest boost, with 10 million units expected to sell this year. Sony also expects LCD TV sales to grow by two-thirds to 10 million in 2007-2008.

The immediate future seems less bright for Samsung, however, which has reported a 15 per cent drop in first-quarter earnings. 

But analysts expect that Samsung, the highest-valued technology company outside the US, to rebound in the second half of 2007 as consumers snap up Christmas electronics.

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:
hardwarehelpshighplaystationsonyto

Related Articles

  • Kmart Group to expand RFID tagging to more products and to Target Kmart Group to expand RFID tagging to more products and to Target
  • Microsoft teases new era of AI-driven devices Microsoft teases new era of AI-driven devices
  • PsiQuantum to build computer at Moreton Bay PsiQuantum to build computer at Moreton Bay
  • US to invest in IBM, other quantum computing firms US to invest in IBM, other quantum computing firms
Join our WhatsApp Channel

Partner Content

Scalable AI solutions: secure delivery
Scalable AI solutions: secure delivery
From test case to control tower: How DXC and ServiceNow are governing enterprise AI at scale
Promoted Content From test case to control tower: How DXC and ServiceNow are governing enterprise AI at scale
Agile isn’t the problem: why projects still fail, and what’s missing
Partner Content Agile isn’t the problem: why projects still fail, and what’s missing
Take control of your connectivity with Telstra’s Adaptive Networks Centre
Partner Content Take control of your connectivity with Telstra’s Adaptive Networks Centre

Sponsored Whitepapers

When cyber risk has no clear owner: A practical guide for senior Australian business leaders
When cyber risk has no clear owner: A practical guide for senior Australian business leaders
Agile in the AI Era: why projects still fail
Agile in the AI Era: why projects still fail
When Technology Becomes the Blocker: Unlocking Real Outcomes from AI and Cloud
When Technology Becomes the Blocker: Unlocking Real Outcomes from AI and Cloud
High-volume data sources for AI-driven security analytics
High-volume data sources for AI-driven security analytics
How healthcare organisations can get more value from cloud
How healthcare organisations can get more value from cloud

Events

  • iTnews State of Security Breakfast iTnews State of Security Breakfast
  • iTnews State of Data & AI Breakfast iTnews State of Data & AI Breakfast
  • Forrester's AI Forum Sydney Forrester's AI Forum Sydney
  • The 2026 iAwards The 2026 iAwards
  • Integrate 2026 Integrate 2026
Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Google says it has cracked a quantum computing challenge

Google says it has cracked a quantum computing challenge

Kmart Group to expand RFID tagging to more products and to Target

Kmart Group to expand RFID tagging to more products and to Target

Microsoft teases new era of AI-driven devices

Microsoft teases new era of AI-driven devices

Australian teen leaks pictures of new iPhone parts

Australian teen leaks pictures of new iPhone parts

techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.