Tuesday, September 16, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CEA Unveils New Logos For 4K Displays
IBM Offers Watson Data Tool To the Mainstream
Microsoft Releases New Arc Touch Bluetooth Mouse, PC Accessories
Toshiba Introduces New Exceria UHS-I SD Memory Cards, Transmemory Flash Drive
Nvidia SHIELD Tablet Gets 32GB Storage and 4G LTE
Micron M600 SSD Released With Dynamic SLC Cache
Orange to Buy Spanish Operator Jazztel
US Government Data Requests Increased: Google
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Sony Po...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 31, 2013
Sony Posts Quarterly Loss


Sony cut its full-year profit targets and posted a net loss for the September quarter as its TV operation fell back into the red.

The Japanese company posted a net loss of 19.3 billion yen ($196.65 million) for its second quarter. Its TV operation flipped from a 5.2 billion yen operating profit in the first quarter to a 9.3 billion yen loss.

Sony's operating income decreased 15.5 billion yen year-on-year to 14.8 billion yen (151 million U.S. dollars). This decrease was primarily due to a significant decline in operating results in Sony's Pictures segment, partially offset by a significant improvement in the Mobile Products & Communications segment, reflecting strong smartphone sales, and the favorable impact of foreign exchange rates.

Sony reported a 6.9% year-on-year decreasse in sales of its video cameras and compact digital cameras. Sony sold just 2.8 million cameras, down from 4.1 million at the same point a year ago.

The company also saw decreased unit sales of PlayStation 2, PlayStation 3 and PSP hardware, which were partially offset by increased PS3 software unit sales compared to the same quarter of the previous fiscal year. Two million PS3s were sold in the last quarter and PS3 game sales contributed more to earnings.

Sales of Sony's mobile devices were increased 39.3% year-on-year. This significant increase was primarily due to the favorable impact of foreign exchange rates, a significant increase in unit sales of smartphones and an increase in the average selling price of smartphones, partially offset by a significant decrease in unit sales of PCs. Sony said it sold 10 million smartphones in Q3, up from 9.6 million in the previous quarter. PC sales went up slightly from Q1, but are still down by a lot (from two million to 1.5 million) from last year.

Sony's Home Entertainment & Sound (HE&S) sales increased 11.8% year-on-year primarily due to the favorable impact of foreign exchange rates, partially offset by a decrease in LCD television unit sales.

Operating loss of the segment decreased 3.7 billion yen year-on-year to 12.1 billion yen (123 million U.S. dollars). This improvement was primarily due to a 3.1 billion yen decrease year-on-year in restructuring charges, net, and cost reductions in Sony's televisions segment.

In Televisions, sales increased 18.7% year-on-year, primarily due to the impact of foreign exchange rates. Operating loss decreased 0.9 billion yen year-on-year to 9.3 billion yen (95 million U.S. dollars) primarily due to cost reductions, partially offset by a decrease in unit sales of LCD televisions year-on-year.

Sony's lackluster box office performance contributed to a 17.8 billion yen ($181 million) operating loss for Sony's pictures division, the company said.




Previous
Next
Panasonic Raises Operating Profit Forecast        All News        HTC to Appeal U.K. Patent Ruling
Panasonic Raises Operating Profit Forecast     General Computing News      Mobile Ads Push Facebook's Revenue

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Smart EyeGlass Prototype Appears At IFA
New Sony Camera Shoots In The Dark
Sony Unveils New Xperia Z3, Z3 Compact And More at IFA
Sony PSN Back Online
Sony Offers New Smart Tennis Sensor
Sony Debuts Ultra-Compact a5100 Interchangeable Lens Camera
Sony, Huawei, Microsoft To Announce New Smartphones at 2014 IFA
Sony And Best Buy To Jointly Boost 4K Content
Sony Bravia S90 TV With Curved Screen Coming In Europe
Sony Releases The AS20 Action Cam, New Cyber-shots
Sony Reports First Quarter Profit
Sony Settles 2011 PSN Hacking Case

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .