Sony beat forecasts in Q3, thanks to its dominant position in the booming market for smartphone camera sensors.
Julian Satterthwaite reports.
Phone camera wars help Sony beat forecasts
Sony beat forecasts in the third quarter, thanks to smartphones.
Not so much its own, as other companies'.
Everyone from Huawei to Apple depends on the Japanese firm for phone camera sensors.
It controls about half the market.
And that's a good place to be as phonemakers compete to adopt ever better cameras.
As a result, Sony's operating profit topped 300 billion yen - or about 2.76 billion dollars.
That was well ahead of analyst forecasts.
Now the firm has raised its profit outlook for the year.
A new generation of gaming consoles is among its big hopes.
The PlayStation 5 is due to launch later this year.
It's also targeting sensors for smart cars to build on its success in phones.
Investors seem happy with the company's ongoing turnaround.
Sony shares are up more than 40% over the past twelve months.