SNE did well or did poorly last quarter is largely a matter of perspective.

The pound gorilla in the room nobody is talking about: The revenue and subsequent profits of its video gaming efforts, which features the PlayStation console as the centerpiece. When all was said and done, PS4 sales and game sales were collectively up Sony made it clear to SNE shareholders that its image sensor business would continue to be unimpressive through early next year. In the meantime, Sony is shedding its battery business, selling those assets to Murata Manufacturing so it can focus on more fruitful ventures.

Sony Corp Ord (SNE) Analyst Research - icoqerum.web.fc2.com

One of those ventures, of course, is video games. Downloaded digital content achieves much higher-margin revenue than sales of game-discs are able to create, and the company seems to have found a winning formula.

Sony Corp - NYSE:SNE - Stock Quote & News - TheStreet

And even if Sony is moving in the right direction again, an overbought SNE stock is apt to be reeled in sooner than later. That may be the wiser buy-point for anyone who believes the company is ready to rock and roll again. As of this writing, James Brumley did not hold a position in any of the aforementioned securities.

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