Struggling Japanese electronics giant Sony on Thursday said it booked its first annual net profit in five years, offering a glimmer of hope for the former market leader.
A customer checks Japanese electronics giant Sony's Bravia brand LCD TVs at an electronics shop in Tokyo on January 22, 2009. Struggling Japanese electronics giant Sony said it booked its first annual net profit in five years, offering a glimmer of hope for the former market leader.
But Sony's jump back into the black was largely due to fluctuations in the value of the yen and gains from a string of asset sales -- including unloading its Manhattan office building for more than $1.0 billion -- while its television and electronics business continues to struggle.
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