Japanese electronics giant Sony has had a tough time during the past few years. But haven't we all?

A new report states that thanks to aggressive cost-cutting, Sony is poised to post an operating profit of US$342 million (30 billion yen) for the first corner. In the same period last year, Sony posted a 25.7 billion yen loss.

Sony's game division has also returned to profitability. Sony has been pushing 3D and later this year will be launching its Move motion controls.

Sony likely bounced to black in first quarter [ABS-CBN News]