Skip to main content

Sony expects smaller loss in 2014, mobile division slowing down

Sony revealed that it expects the annual loss for its financial year 2014 (which ends on March 31) to be smaller than expected by analysts and the revenue to be bigger. The buoys are the PlayStation and the image sensor divisions, while the Xperia smartphone business is still struggling.

Smartphone sales in China are slowing down and Sony cut its forecast for the full-year sales from 41 million smartphones to 39.2 million. This means the company expects to sell just 8 million phones in the three months ending in March, that would make it the lowest quarter of the financial year (it went 9.4M ? 9.9M ? 11.9M).

Despite smaller unit sales, the division will return a small profit of JPY 9.3 billion ($79 million), better than expected. Still, for the full 2014 Sony expects the mobile division to lose JPY 215 billion ($1.83 billion), up from JPY 204 billion ($1.74 billion) predicted in October. That's on an estimated revenue of JPY 1,320 billion ($11.3 billion).

Sony had already cut 1,000 jobs but plans further cuts ? 2,100 by March 2016. Kazuo Hirai, CEO of Sony, will announce a new business strategy on February 18, but has given no official details (some are already expecting the worst).

The game division is expected to finish the quarter with JPY 1,380 billion ($11.8 billion) in revenue making JPY 40 billion in operating income ($340 million). The Devices division (maker of image sensors) will be the other big earner with JPY 100 billion ($852 million) in expected operating profit on JPY 950 billion ($8 billion) in revenue.

The consolidated revenue for 2014 is JPY 8,000 billion ($68 billion) with a net loss of JPY 5 billion ($42 million).

These are predicted numbers, Sony will delay the release of the actual numbers (including the results for the final quarter of the financial year) because of the hack of Sony Pictures.

Source (PDF) | Via


View the original article here

Labels:

Comments

Post a Comment

Popular posts from this blog

Meizu Russia confirms “Ubuntu rumors”

Yup, just as we’ve told you before, Ubuntu is coming to a Meizu smartphone near you. We still don’t have the official announcement, but details keep coming.,, The latest information (or that’s confirmation) comes from Meizu Russia, which says that Meizu engineers are in fact working on an Ubuntu version of the Meizu MX3. The work is apparently still underway to make things stable, and in the meantime they [engineers] are also working on a new version of Android-based Flyme ROM for both the Meizu MX2 and MX3, adding that Ubuntu won’t be released until the updated Flyme ROM is launched. It is said that Meizu will use Ubuntu as its ticket to the US market later in the year. At that time, we may also see either a revamped MX3 model or the whole new MX4 smartphone that will sport even better hardware under the hood. As usual, we’ll be on the lookout for any news coming from the Ubuntu camp and let you know as soon as we have something new to add. Stay tuned… [Via: GizChina] Dusan has been...
Post a Comment
Read more

A brand new home for Nokia Connects

Published by Paul Coombes on August 21, 2012 Well hello there. Welcome to the new and improved Nokia Connects on Nokia Conversations! While we settle in and make ourselves at home at the new residence, why don’t you take a look around? In case you’ve missed it, what’s actually changed? See here for full details, but in a nutshell, the new look Nokia Connects will focus less on us and more on our community, as we celebrate all the great stuff you guys are up to. Things like amazing videos, photos and Nokia experiences.  The trial programme is growing (let us know if you’re interested in trialling a phone!) and we are, as ever, available for a chat on Twitter on @Nokia_Connects (say hi!). We hope you enjoy the new site – if you have any questions, please give us a shout. Image credit: Suzy Taylor View the original article here
Post a Comment
Read more

Dorada Software Updates Popular iOS Podcasting Application

AppId is over the quota London, United Kingdom – Dorada Software today is pleased to announce the release and immediate availability of the 2.0 update to the popular “RSSRadio” podcasting application. RSSRadio allows users to subscribe, download and listen to podcasts on both the iPhone and iPad. “With the recent release of Apples “Podcasts” application the bar has been raised for look and feel in these kind of apps and its harder to stand out from the crowd” says Daniel Broad, owner of Dorada Software. Daniel further explains “Competing on features can often be the a default choice, but I decided to go the extra mile and invest in a professionally designed user interface, concentrating firstly on the iPhone but for iPad also. I think RSSRadio now looks great, and is even easier to use.” RSSRadio 2.0 is available today on the App Store, in both a free and paid version. Both versions have advanced features such as: * Push notifications for new episodes * Location based background downl...
Post a Comment
Read more