Sony Ups its Profit Forecast

WSJ, Bloomberg: Sony revises upward its profit forecast for its fiscal year ended on March 31, 2015. One of the reasons for revision is higher than expected image sensor sales. The final yearly results will be reported on April 30.

“The demand for front-facing camera modules is going through the roof, because everyone wants to take high-quality selfies, and that doubles the market size for Sony,” said Amir Anvarzadeh, a manager of Japanese equity sales at BGC Partners Inc. in Singapore. “The auto segment of the market is also beginning to boom. Cars potentially may have more than five modules per car.”