Sunday, November 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Files ITC Complaint Against Nvidia
Europe To Ask Google Unlink Its Commercial And Search Services
Streaming TV Service Aereo Files for Bankruptcy
Square Launches Cash Register Service
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
Intel-Micron 3D NAND To Have 32 Layers, 256Gb Per Die
Intel To Release Chromecast-like Thumb-sized PCs
Google Contributor Lets You Pay And And See No Ads In Your Favorite Sites
Active Discussions
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
 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
New Sony Alpha 7 II Full-frame Mirrorless Camera Released
Sony Aims At Movie, TV Businesses
New Sony Exmor RS Stacked CMOS Image Sensor Supports Image Plane Phase Detection Signal Processing Function
Sony Unveils PlayStation Vue Cloud-Based TV Service
Sony's New Pocket SSD Drives Released In Europe
PlayStation 4 Sales Sustain Sony's Quarterly Loss
PS4 Remote Play Now Available for Xperia Z3 Series
Sony To Release Android Lollipop To Its Entire Xperia Xperia Z Series
New Sony Headphones, Portable Headphone DAC/Amplifier and Headphone Cables Support Hi-Resolution Audio
Sony Xperia Z3 Coming To The US
PlayStation TV Coming October 14th
Sony Develops SmartEyeglass, Launches SDK

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .