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Appeared on: Tuesday, October 31, 2017
Sony Raises Earnings Outlook, as Camera Chips, TVs Fuel Recovery

Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever profit due to strong sales of image sensors used in smartphones and other devices.

The Japanese firm forecast profit of 630 billion yen ($5.57 billion) for the year ending March, from 500 billion yen estimated three months ago.

Sony also said profit for July-September jumped to 204.2 billion yen from 45.7 billion yen a year earlier.

Demand for high-end 4K televisions and wider use of camera chips helped to make up for slower growth in the PlayStation business and a lack of blockbuster films.

Sony's semiconductor division, which include sensors, is forecast to post profit of 150 billion yen, up 20 billion yen from an earlier estimate and a reversal from last year's loss, as it recovered from earthquake damage sustained a year ago. Apple, Xiaomi and other smartphone makers are outfitting their latest models with two cameras on the back of each device. This lets software compare two pictures to improve photo quality and gauge depth to perform basic AR functions.

A business overhaul refocusing on image sensors and games under Chief Executive Officer Kazuo Hirai has moved Sony out of a decade of doldrums and boosted the firm's stock price to nine-year highs.

Sony has been boosting investment in artificial intelligence to catch up with Amazon and Alphabet's Google.

Sony this month unveiled its Xperia Hello! voice-activated communication robot. It is also widely expected to revive robotic pets, similar to robotic dog AIBO that went on sale in 1999.

The company is also aiming to lead the budding virtual-reality (VR) market by gelling with the content portion of the group's business such as music and film.

In sensors, the business is trying to crack into the automotive market, where demand for 3-D sensors is rising as an increasing number of cars are mounted with autonomous driving functions based on sensing technologies.

Here's how Sony's other divisions are performing:



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