Sony's $1 billion profit in latest results

Mobile phones are still failing Sony, along with its image sensor business as the whole mobile market loses its gloss. PlayStation, on the other hand is driving the company with games consoles up 10% on the last quarter.

PlayStation operating income was up 45% to over 40 billion yen (around $336 million). Most of that will be PS4 business, but expect those profits to take a hit when PSVR hits the market to be met by modest at best uptake.

Read all the dull biz details here. Sony seems to be pretty tight on inventory now, so if it sells around 1.5 million Vitas in 2016 (1 million in Japan, 500K elsewhere, guessing), then it won't have to do another write down on portable stock. Will it try and support those new sales? Probably not.