Stock quotes Sony soared to a nine-year high after the publication of the quarterly report and an increase in the forecast for operating profit to a record level for the company, reports Reuters..
Noting the high demand for image sensors and high-end televisions, Sony said its operating income in this fingo would reach 630 billion yen (5.57 billion dollars). The target is 26% higher than last year and 7% higher than the average estimate of analysts, the agency notes..
Under the leadership of the president of the company Kazuo Hirai, Sony managed to improve the affairs in the damaging electronics division and take advantage of the growing demand for CMOS image sensors from manufacturers of smartphones and other devices.
In the past quarter, Sony's semiconductor unit responsible for the production of photosensors brought the company operating profit of 49.4 billion yen ($ 433 million), while a year ago in this direction a loss of 4.2 billion yen was reported, CNBC reports citing on the company's report.
In addition, Sony's business in the field of computer games and network services increased revenue by 35.4% compared to the same period last year and brought the company 433.2 billion yen (3.8 billion dollars). The operating income of this division reached 54.8 billion yen ($ 480.6 million), an increase of 188.3%.
Against the backdrop of such results, Sony shares gained 11.6%, and their price reached its highest level since June 2008. On Wednesday, November 1, during the day trading on the Tokyo Stock Exchange, the company's securities were worth 4,846 yen (about $ 42.5), taking into account the market capitalization of Sony was about $ 54 billion.
Analyst Masayuki Otani (Securities Japan) predicts that due to the market of image sensors, Sony revenues will continue to grow, carrying with them and quotes. According to expert estimates, in the medium-term perspective, Sony shares will rise to the level of 2007, when they cost 7,190 yen.
Meanwhile, Sony is looking for new growth drivers and increasing investment in promising areas such as artificial intelligence. In addition, Sony returned to the market of robotics and announced that in 2018 will resume the sale of the robotic dog Aibo, the last model of which was withdrawn from production in 2006, when the company faced financial difficulties.
Buy an updated version of the robotic dog Aibo will be available from January next year in Japan for 198 thousand yen (1739 dollars).