JAMES BOND, ADELE SAVE SONY PROFIT

The Denver Post - - BUSINESS -

Sony Corp.’ s earn­ings got a huge help­ing hand from Hol­ly­wood, mu­sic and games last quar­ter, val­i­dat­ing CEO Kazuo Hi­rai’s shift away from its roots in con­sumer hard­ware.

As Ap­ple and Sam­sung Elec­tron­ics reel from the twin blows of a global smart­phone slump and emerg­ing- mar­kets un­cer­tainty, Sony posted bet­ter- than- ex­pected re­sults. A 33 per­cent surge in net in­come to $ 997 mil­lion in the De­cem­ber quar­ter ap­peared to en­dorse its move to­ward gam­ing and en­ter­tain­ment.

Sony gave due credit Fri­day to both the James Bond film “Spectre” and record- break­ing sales of Adele’s “25,” which­wasn’t avail­able on stream­ing ser­vices Spo­tify and Ap­pleMu­sic. Games, its big­gest divi­sion by sales, sold more PlayS­ta­tion 4 con­soles and soft­ware ti­tles to help off­set a plunge in sen­sor or­ders from smart­phone cus­tomers such as Ap­ple and Sam­sung. Bloomberg News

Chris Pizzello, Invision, As­so­ci­ated Press

Adele per­forms dur­ing the Os­cars at the Dolby Theatre in Los An­ge­les in Fe­bru­ary 2013. Sony cred­its the artist with help­ing to boost its prof­its in 2015.

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