Sony Operating Profits Down Significantly

Sony Operating Profits Down Significantly

by April 9, 2002

According to the latest edition of Businessweek, Sony profits have plummeted from $4 billion in fiscal year 1997 to about $1 billion in fiscal year 2001. That is a drop of 75 percent over four years. Sony is anticipating a rise in profits, though, in part due to its Playstation 2 business strategy.