Sony profit up, sales flat as smartphone and TV woes offset by yen, demand for image sensors

Markets Associated Press

Sony Corp. has reported a threefold increase in profits for the quarter ended June 30.

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The electronics and entertainment giant said Thursday that net income rose to 82.4 billion yen ($664 million) from 26.8 billion yen a year earlier.

Sales of 1.81 trillion yen were little changed.

The company said a sharp fall in smartphone and mid-range LCD television sales was offset by foreign exchange gains and strong sales of image sensors, particularly for mobile devices.