July 29, 2004

Cell phones, hot movies pump up profits at Sony

dollars.jpg Cell phones are ringing up big bucks for Sony, according to the New York Daily News.

Profits surged at the world's second biggest electronics giant, thanks to strong sales at its cell phone biz and hot box office for its summer movies like the blockbuster "Spider-Man 2."

Sony also hit a high note yesterday when the Federal Trade Commission approved the merger of the music businesses of Sony and Bertelsmann, forming Sony BMG."

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