Sony's numbers add up

The electronics giant takes a hit with costs associated with the PS3 but bounces back with strong sales of other consumer goods.

Things may not be as bad as previously thought for Sony Computer Entertainment. Yesterday, a survey of five analysts by financial news service Bloomberg predicted that the company could be reporting a 50 percent drop in profits today. However, according to Sony's consolidated financial results for the third quarter of 2006, profits were only down 5.3 percent, and stood at 159.9 billion yen (approx $1.3 billion), compared to 168.9 billion yen ($1.4 billion) in the same period last year.

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DJ4908d ago

Even with the expensive development and launch of the PS3, Sony's still doing great. Their profits will probably be even higher next year as their platform expands exponentially.