Sony sees profit ahead, driven by image sensors
STORY: Sony sees profits growing this year.
The Japanese tech giant forecast 5% growth to $8.2 billion thanks to a boost from image sensors.
Sony is a major supplier of the technology for smartphones.
That is seen helping its chips business to book a 40% rise in operating profit on higher sales and lower costs.
On Tuesday, Sony announced a 7% fall in operating profit for the year ended March - in line with estimates.
It saw lower profits in its insurance business and was hit by a slowdown in the gaming sector.
The firm sold 20.8 million PlayStation 5 consoles last year, just missing its target of 21 million.
Sony blamed weaker-than-expected sales over the year-end shopping season.
But it sees better times ahead and projects profits at its gaming business will rise 7% in the current year.
It cited factors including higher sales from its PlayStation Plus subscription service.
The gaming industry slowdown saw Xbox maker Microsoft move to close studios in cost-cutting measures.
Sony also said in February it would lay off 900 workers at its gaming business and shut a London studio.
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