Saturday, August 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alienware Brings Liquid Cooling and Dynamic Overclocking to Holiday Lineup
Razer Launches Wildcat Xbox One Controller And Upgraded Nabu Smartband
Workstation Market Shippments Rebound In Q2
Google Will Help You Find Your Plumber
IFA 2015: What We Know So Far
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Sony Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 01, 2014
Sony Revises Profit Estimate Due To Low Blu-ray Disc Demand, PC Sales


Sony slashed its operating profit estimate by nearly 70 percent for the financial year ended March 31, saying it expects its exit from PCs to add nearly $300 million in extra costs and a weak demand for Blu-ray disc media.

The Japanese consumer electronics giant on Thursday cut its operating profit forecast to 26 billion yen ($254.53 million) from a previous estimate of 80 billion yen, adding that it would book 25 billion yen in impairment losses from its optical disc media (DVD, CD-ROM, Blu-ray) production unit for fiscal 2013 due to weak demand in Europe. Sony said that demand for physical media "contracting faster than anticipated," mainly in the European region.

Sony expects to record approximately 30 billion yen in additional expenses in the fiscal year ended March 31, 2014 related to exiting the PC business. Sony on February announced that it would exit the PC business, keeping PC sales for the fiscal year ended March 31, 2014 and the expected PC sales for the fiscal year ending March 31, 2015 lower that expected.

The company also widened its net loss estimate to 130 billion yen, wider than the 110 billion it forecast in February.

Sony's chief executive, Kazuo Hirai has been trying to restore profitability at Sony's struggling electronics division. Sony is curently focusing on mobile, imaging and gaming.




Previous
Next
Cisco To Invest $150 million To Start-ups        All News        Qualcomm Establishes Retail Solutions Subsidiary
Cisco To Invest $150 million To Start-ups     General Computing News      Qualcomm Establishes Retail Solutions Subsidiary

Get RSS feed Easy Print E-Mail this Message

Related News
Sony Launches Remote-speaker Hybrid
Sony to Offer Drone Services
Sony introduces next generation SmartBand 2
Sony's Midrange Xperia C5 Ultra and M5 Smartphones Come With Strong Cameras
Sony Profit Rises Following Demand For Mobile Cameras
Android Lollipop Rolls For the Xperia Z3 and Xperia Z2 Series
Sony Mobile and ZMP to Develop Enterprise Solutions that Utilize Autonomous Unmanned Aerial Vehicles
Sony's New Wireless Speakers Available In The U.S.
Sony Launches Crowdfunding Platform For Its Products
Android M Developer Preview Available for Xperia Devices
First Sony X900C and X910C Ultra-thin 4K Ultra HD TVs Launching
Sony Has Three New Cameras For You

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .