PlayStation Biz Swings To Q1 Profit – Report

Sony is expected to report a return to profitability when its first quarter financial results are announced on Thursday.

As a result of aggressive cost-cutting Sony will likely post a company-wide operating profit of 30 billion yen ($342 million) for the three month period ended June 30, compared with a 25.7 billion yen loss a year earlier, according to Nikkei (via AGP).

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