Saturday, October 22, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
TSMC, GlobalFoundries/Samsung To Present Their 7nm CMOS Platforms At IEDM
Hon Hai Gains Apple Mac Orders From Quanta
AT&T In Advanced Talks With Time Warner On Merger
LG's Next Flagship G6 Smartphone Won't be Modular
Samsung to Exchange Galaxy Note 7 with New Galaxy S8
Qualcomm Said to Be Near A Deal With NXP
AMD Revenue Forecast Falls Short of Estimates
Microsoft Cloud Strength Highlights First Quarter Results
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.

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
Sony To Release Smartphone Games in 2018
New Sony Compact RX100 V And A6500 Flagship Cameras Released
New Sony Flagship 4K and HD Action Cams Support Image Stabilization
Sony Unveils Its New Products at IFA 2016
Sony Unveils 4K Movie Streaming Service For PCs
Games Outweigh Sagging Sensors For Sony
New Sony 4K Ultra HD TVs Released In The U.S.
Sony Ups Sales Goals For Games Ahead of VR Launch
Sony Recalls VAIO Laptop Computer Battery Packs
Sony Xperia X Series Coming to the United States
Sony Sees Flat Annual Growth Due To Recent Quake Damages
Sony Improves Commercial LED Display Concept With New CLEDIS Technology

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .