Wednesday, March 29, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Razer Blade Pro IS The First THX Certified Gaming Laptop
Lenovo Makes Pro Virtual Reality Accessible With the ThinkStation P320
Intel Details 10, 22nm Processes, Proposes Transistor-density Metric
U.S. House Voted Against Broadband Privacy Rules
SK Hynix Offers More Than $9 billion for Toshiba Chip Unit: report
Toshiba's Nuclear Unit Westinghouse Files for Bankruptcy
New Intel Xeon Processor E3-1200 v6 Product Family Targets Pros
Google Assistant Is Coming To More Connected Devices
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Sony Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 09, 2013
Sony Reports Annual Profit After Five years Of Losses


Sony today reported an annual profit for the first time in five years, boosted by asset sales and a weakening yen.

Net profit was 43bn yen ($436m) in the year to 31 March, compared with a 457bn loss a year earlier.

Sony said the yen's recent fall boosted sales.

The Japanese company has been also trying to restructure its business model and reduce its costs. As part of the process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its "Sony City Osaki" building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year.

Sony bets on the growth of its gaming and digital imaging in order to rebound in consumer electronics after more than a decade of decline.

The company on Thursday forecast smartphone sales to rise more than one-fourth to 42 million in the year to next March. It predicted sales of its digital cameras and Playstation consoles would contract at double-digit rates.

The new Xperia Z smartphone has exceeded the company's sales expectations since its launch in January.

Sony is betting on its new smartphone to help it secure an operating profit of 230 billion yen ($2.33 billion) this business year.

Sony forecast sales of televisions to rise to 16 million this business year with the division seen returning to profit, after a drop last year to 13.5 million.

Digital camera sales are forecast at 13.5 million this year, a 20 percent drop, while its handheld game consoles, the PSP and PS Vita, are projected to fall nearly 30 percent to 5 million.


Previous
Next
Pioneer CYBER NAVI Car Navigation Systems Share Street Images With Remote Cars        All News        LG To Offer LTE TDD Smartphones In Target Markets
TSMC To Invest US$1.5 billion in 2013     General Computing News      Intel Sees Challenges In Keeping Up With Moore's Law

Get RSS feed Easy Print E-Mail this Message

Related News
MWC: Sony Adds Four New Photo-centric Smartphones To X-series
Sony Unveils Pricing And Availability Of 2017 4K HDR Ultra HD TVs And Ultra HD Blu-ray Player
Sony Develops the First 3-Layer Stacked CMOS Image Sensor with DRAM for Smartphones
Sony's Profit Dropped Despite Healthy Video Game Business
Sony Broadens its Line of Laser Light Source Z-Phosphor Projectors
Sony to Book Impairment Loss of 112.1 bil. Yen In Movie Business, Due To Low Blu-ray and DVD Sales
Sony Unveils OLED TV, Visual And Audio Entertainment Products At CES
LG Display To Supply OLED Panels To Sony
Sony Audio and Video Products That Work With the Google Assistant on Google Home
Sony To Release More Mobile Phone Games In 2017, Announces Project Field Controller
Sony and SKY Perfect JSAT Demonstrated Live Simultaneous 4K-HDR and HD-SDR Broadcast
Sony to Release First PlayStation games For Smartphones Next March

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .