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 1,0...
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