Friday, May 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Posts Workaround For Buf That Reboots The iPhone
Research Project Can Interpret, Caption Photos
Fujitsu Develops Virtualization Technology To Secure Web Applications
ASUS Announces 48-core, ARM-powered ThunderX-Based Servers
Apple Buys Maker Of Augmented-reality Software
Acer To Showcase Showcases BYOC Devices, Wearables, All-in-one PCs at Computex 2015
PC Shipments Will Continue to Decline This Despite Windows 10 Release
New Acer Aspire Z Series All-in-One PCs Released
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 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 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 .