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Sony lifts operating income forecast into the black

Sony CFO Kenichiro Yoshida speaks at the earnings event.

TOKYO -- Sony now expects to earn an operating profit this fiscal year as its television business finally starts making money again and other segments outshine expectations.

     The Japanese company projected Wednesday a profit of 20 billion yen ($168 million) for the year through March 31, compared with its earlier forecast of a 40 billion yen loss. It had posted a 26.5 billion yen profit for the previous year.

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