Friday, October 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft's Cortana Gets Into Smart Speakers Market With Harman Kardon Invoke
Samsung, LG Electronics are Lagging in Autonomous Car Race
TSMC Raises Forecasts for 2017 Due to 10nm Demand, Outlines 7 and 5nm Roadmap
Samsung Said to Have Placed Huge EUV Equipment Order From ASML
Samsung Launches the Ruggedized Galaxy Tab Active2 for Business
Intel Capital Announces $60 million of New Investments in Data-Focused Startups
Google Offers Bug Bounty for Mobile Apps
Nintendo Switch Update Brings Video Capture and More
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 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
John Kodera Promoted to President and CEO at Sony Interactive Entertainment
New Sony Cyber-shot RX100 IV Supports Phase-detect AF and 24 fps Bursts
Sony Unveils New Smartphones, Audio and Imaging Products at IFA 2017
New Sony Magnetic Tape Storage Technology Supports High-Capacity 330 TB Recording
Image Sensors and Music Lead Sony's Growth
Sony Entertainment to Start Vinyl Record Production
Sony Xperia XZ Premium Flagship And Xperia Touch Projector will Cost You a Fortune
Sony Chief Promises Return to Profitability
Sony Returns to the OLED TV Market With New Models
Image Sensors, Batteries And Playstation Boosts Sony's Profit
Sony Launches The a9 24MP 20fps Full-frame Sports Camera
Sony Commercializes High-Sensitivity CMOS Image Sensor for Automotive Cameras

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 .