
Helped by the weaker yen and the money it has raised from asset sales, the Japanese consumer electronics firm now expects to report net income of 40 billion yen compared to its previous forecast of 20 billion yen.
A weaker currency increases the value of Sony's overseas revenues when repatriated back into yen. Sony said it had assumed an average foreign exchange rate of 88 yen to one US dollar for the first three months of this year. But the actual rate had turned out to be 92 yen to one US dollar.