Friday, August 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
German Regulator Will Pursue Complaint Against Publishers
IBM Tries To Strengthen Its Presence In China With Local Vendor Deal
Demand For iPhone 6 Screens Add Perssure To Supply Chain
Intel Highlights Its Wireless Computing Plans
Ouya Parners With Xiaomi On Games
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Active Discussions
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
Video editing software.
 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 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
Sony Xperia Z3 Specs Leaked
Sony Invests in Image Sensor Production
Sony Failed To Pay Web Hosting Bills
New Sony Software Upgrade For Xperia T2 Ultra

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 .