Japan’s Sony expects ‘highest-ever’ annual profit

Japan’s Sony is expecting its highest-ever profit because of the large sales of image sensors used in smartphones and other devices, raising its full-year operating income forecast today.

The electronics firm forecast profit of 630 billion yen (US$5.57 billion) in March, from 500 billion yen estimated three months ago.

The result is higher than the 140.49 billion yen average estimate of 11 analysts. According to Reuters, Sony said profit for July-September expanded to 204.2 billion yen from 45.7 billion yen a year earlier.

Written by Leah Alger