Sony sees revenue rise, losses decline as turnaround hopes gain
Although Sony has watched its troubles mount over the last few years, the company had a strong fourth quarter, leading some to wonder if the worst is behind it.
During the fourth quarter of 2012 (Sony's fiscal third quarter), the company generated $22.4 billion in revenue, representing a 6.9 percent gain over the same period in 2011 (PDF). And although the company still lost $124 million during the period, that was far better than the $1.7 billion it lost in the fourth quarter of 2011.
Sony's improved performance came by way of its mobile products … Read more