Sony revealed that it had taken its first annual profit in 5 years. The weakening Yen made Sony’s products cheaper for overseas buyers, and boosted product sales.
The net profit for 2012 was 43 billion Yen, to 31st March, as compared to loss of 457 billion Yen the previous year. Sony has faced troubles in recent years on account of increasing competition and falling prices, combined with narrow profit margins. Reduced sales of compact cameras led to a 4.1 % decrease in year-on-year sales in the imaging division.
