The Playstation seems to be giving Sony Corp (ADR) (NYSE:SNE) a new lease of life after the entertainment and electronics giant went through a long disappointing phase. The company posted a surprise profit in its first quarter results recently, backed by the sales of the Playstation 4, though it still predicts its sixth annual loss in seven years, owing to the declining demand for televisions and compact cameras. Manus Cranny from Bloomberg recently reported on Sony Corp (ADR) (NYSE:SNE)’s Playstation crossing the 10 million sales mark.
“Sony Corp (ADR) (NYSE:SNE)’s Global sales of Playstation 4 game consoles have hit 10 million mark. Earlier this month, Sony Corp (ADR) (NYSE:SNE) posted a surprise first quarter profit as Plastation 4 tops sales game consoles beating Microsoft Corporation (NASDAQ:MSFT)’s Xbox One,” Cranny said.