Friday, April 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Qualcomm Slashes Profit Expectations As Apple Refuses To Pay Royalty Payments
Kodi Clarifies DRM Stance, Shuts Down Rumors
ASML Countersues Nikon Over Alleged Patent Infringement
Image Sensors, Batteries And Playstation Boosts Sony's Profit
Cost Cuts Start Paying Off For Sharp
New Nintendo 2DS XL Gaming Handheld System Coming On July 28
KINGMAX Targets Gamers With ZEUS DDR4 Modules
Microsoft Cloud Strength Highlights Third 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, July 31, 2014
Sony Reports First Quarter Profit


Although Sony warned it doesn't now expect to make money on smartphones this year, strong PS4 sales have helped the company's profitg for the first quarter.

Sony said said April-June operating profit doubled, boosted by its videogames business and a one-off asset sale. However, the company cut its smartphone sales target this fiscal year by 14 percent. Sony now expects to just break even in the business this year, down from a previous operating forecast of 26 billion yen ($253 million), and is reviewing its mid-term strategy.

Sony now expects to sell 43 million smartphones this year, down from 50 million.

For the fiscal year, Sony on Thursday shaved 3 percent off its TV sales target, cutting it to 15.5 million from 16 million previously.

In the fiscal first quarter ended June, Sony's operating profit climbed to 69.8 billion yen ($679 million) from 35.5 billion yen a year earlier.

Across the company as a whole, net profit surged to 26.8 billion yen in the first quarter from a meager 3.13 billion a year earlier. Revenue rose 5.8 percent to 1.81 trillion yen.

Separately Sony also said it would set up a joint venture with Panasonic Corp and Japan Display Inc to develop organic light-emitting diode (OLED) displays, with the government-backed Innovation Network Corp of Japan taking a majority stake.



Previous
Next
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips        All News        Samsung Launches First Flexible TV
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips     General Computing News      Panasonic and Tesla Sign Agreement for the Gigafactory

Get RSS feed Easy Print E-Mail this Message

Related News
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
E Ink and Sony to Establish a Joint Venture to Operate Electronic Paper Display Business
Sony Introduces Extended Life Solid State Drives
MWC: Sony Adds Four New Photo-centric Smartphones To X-series
Sony Unveils Pricing And Availability Of 2017 4K HDR Ultra HD TVs And Ultra HD Blu-ray Player
Sony Develops the First 3-Layer Stacked CMOS Image Sensor with DRAM for Smartphones
Sony's Profit Dropped Despite Healthy Video Game Business
Sony Broadens its Line of Laser Light Source Z-Phosphor Projectors
Sony to Book Impairment Loss of 112.1 bil. Yen In Movie Business, Due To Low Blu-ray and DVD Sales
Sony Unveils OLED TV, Visual And Audio Entertainment Products At CES

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 .