Sony Vows Return to Profit for First Time in Three Years

Financial Times: Sony believes it will bounce back to profit for the first time in three years. But the Japanese electronics and entertainment group with a record of repeated profit warnings kept its full-year guidance surprisingly low, underscoring the risks it still faces in its turnaround. Sony said it expected to book a net profit of $1.2 billion for the financial year to March 2016 in a sharp reversal from the previous year. The return to profit would come on the back of booming demand for its image sensors which are used in Apple’s iPhones.