Thursday, May 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
PC Shipments Will Continue to Decline This Despite Windows 10 Release
New Acer Aspire Z Series All-in-One PCs Released
NVIDIA SHIELD Android TV Now Available
Google Unveils Android M at Annual Conference
FIFA 16 Game To Feature Women Soccer teams
Amazon Offers Free Shipping On Some Same-day Delivery Orders
Tablet Growth Will Continue to Slow in 2015, Cellular-Connected Tablets and 2-in-1s Maintain Their Momentum
OCZ TLC-based Trion 100 SATA Client SSDs and Z-Drive 6300 NVMe Add-In-Card Coming At Computex 2015
Active Discussions
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
cdrw trouble
 Home > News > General Computing > Sony Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 09, 2013
Sony Reports Annual Profit After Five years Of Losses


Sony today reported an annual profit for the first time in five years, boosted by asset sales and a weakening yen.

Net profit was 43bn yen ($436m) in the year to 31 March, compared with a 457bn loss a year earlier.

Sony said the yen's recent fall boosted sales.

The Japanese company has been also trying to restructure its business model and reduce its costs. As part of the process, the firm has sold key assets over the past few months, including its US headquarters in New York and some of its shares in M3, a medical research and marketing firm. The firm has also offloaded its "Sony City Osaki" building in Tokyo. Sony said the sale of all these assets had resulted in gains of nearly $2.5bn during the last financial year.

Sony bets on the growth of its gaming and digital imaging in order to rebound in consumer electronics after more than a decade of decline.

The company on Thursday forecast smartphone sales to rise more than one-fourth to 42 million in the year to next March. It predicted sales of its digital cameras and Playstation consoles would contract at double-digit rates.

The new Xperia Z smartphone has exceeded the company's sales expectations since its launch in January.

Sony is betting on its new smartphone to help it secure an operating profit of 230 billion yen ($2.33 billion) this business year.

Sony forecast sales of televisions to rise to 16 million this business year with the division seen returning to profit, after a drop last year to 13.5 million.

Digital camera sales are forecast at 13.5 million this year, a 20 percent drop, while its handheld game consoles, the PSP and PS Vita, are projected to fall nearly 30 percent to 5 million.


Previous
Next
Pioneer CYBER NAVI Car Navigation Systems Share Street Images With Remote Cars        All News        LG To Offer LTE TDD Smartphones In Target Markets
TSMC To Invest US$1.5 billion in 2013     General Computing News      Intel Sees Challenges In Keeping Up With Moore's Law

Get RSS feed Easy Print E-Mail this Message

Related News
Sony to Acquire Optical Archive As It Enters The Data Center Storage Market
Sony Aims At Growth Phase on Games, Image Sensors
Sony to License Its LDAC Audio Technology
Optical Drive Makers Face EU Antitrust Fines
Sony launches New Xperia C4 and Xperia C4 Dual Smartphones
Camera Sensor And Playstation Sales Kepts Sony's Annual Profit High
Sony Raises Profit Forecast
Sony Unveils New Home Audio Products
Sony Xperia Z4 Smartphone Unveiled In Japan
Sony's 4K Ultra HD TV Lineup Coming In The U.S.
Sony Unveils Pro 1TB And 2TB Hard Disk Drives with Thunderbolt and USB3.0 Dual Interface
Sony Increases Production Capacity for Stacked CMOS Image Sensors

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 .