After years of losses, the company is back in the black

May 9, 2013 06:50 GMT  ·  By

Sony has been posting financial losses for several years, but its unfortunate track record is finally at an end.

In its latest financial report, the company says it has managed to accumulate a profit of $458 million in 2012. That's around €348 million, give or take a few thousand.

All in all, it isn't a very large figure, not when Intel, Samsung and other major companies make billions every year.

Still, it is much better than posting net losses because of selling PlayStation consoles for less than their manufacturing price, or because of other outlets that drain more cash than they make.

Ironically, sales mostly dropped all around. Sony's better money situation is owed more to the sale of several of its buildings than anything else.

Operating income isn't expected to go up much in 2013, but at least there is hope that Sony won't have a relapse and start losing cash again.

Sources: Sony (PDF)