Sony has doubled its full-year profit forecasts for the fiscal year ended March 31, according to a new report.
GamesIndustry explains that the company now expects to make a profit of ¥40 billion ($403m/£261m), up from its previous forecast of ¥20 billion ($201m/£130m).
The change is apparently due to the deprecation of the yen in the first three months of this year, along with surprisingly good results from its financial services division in particular.
Alongside this, the forecast for operating income has also been upgraded to ¥230 billion from ¥130 billion thanks to a variety of asset sales, specifically the company's shares in M3 and an office in Tokyo following the consolidation of three Asian offices into one division.
The company will release its full financial report for the 2013 financial year on May 9, so be sure to check back then for more info.
Luke Karmali is IGN's UK Junior Editor. You too can revel in mediocrity by following him on IGN and on Twitter.
Source : ign[dot]com
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