Breaking News

KINGMAX Launches DDR5 Horizon II Overclocking Memory Module, Tailored for High-Load Scenarios DeepCool Unveils SPARTACUS 360 AIO Liquid Cooler for High-End Performance and Customization KINGMAX Launches New DDR4 Blade X Gaming RAM, Delivering Powerful Performance for Intel/AMD Platforms Corsair announces FRAME 4000D LCD RS ARGB PC Case Samsung Launches One UI 8.5 Beta for Next-Level Ease of Use

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Music and TV Sales Fuel Sony's Record Third Quarter Profit, Hirai to Step Down

Music and TV Sales Fuel Sony's Record Third Quarter Profit, Hirai to Step Down

Enterprise & IT Feb 2,2018 0

Sony's third-quarter operating profit was increased as strong profits in the music division and better sales of high-end TVs made up for slowing growth in games and image sensors.

The Japanese firm posted an operating profit of 350.8 billion yen ($3.20 billion) for the October-December quarter, up from 92.4 billion yen a year ago. That was Sony's highest third-quarter profit ever. The profit is attributed to robust sales of Sony's music division and better sales of high-end TVs , which made up for slowing growth in games and image sensors.

Sony also raised its profit forecast for the year ending March to 720 billion yen from 630 billion yen.

Sony also announced that that CEO Kazuo Hirai would be replaced by CFO Kenichiro Yoshida, effective April 1.

Once a market leader in consumer-electronics, the Hirai-Yoshida duo helped Sony streamline its unprofitable electronics businesses and capitalize on the spread of smartphones with image sensors. Under their leadership, Sony proceeded to many controversial changes, including the sale of the Vaio PC division and spinning off the TV business.

Tags: Sony
Previous Post
Foxconn to Invest $340m in AI venture
Next Post
Q4: Apple Passes Samsung in the Worldwide Smartphone Market

Related Posts

  • Sony Launches Alpha 7 V and FE 28-70mm f/3.5-5.6 OSS II

  • First look at PlayStation’s 27” Gaming Monitor

  • Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

  • Sony Reimagines its 10 Series with Xperia 10 VII

  • Sony’s 360 Virtual Mixing Environment now available in Europe

  • Sony completes its INZONE gaming gear range with new headsets and more

  • PlayStation announces FlexStrike wireless fight stick

  • Sony Introduces the RX1R III

Latest News

KINGMAX Launches DDR5 Horizon II Overclocking Memory Module, Tailored for High-Load Scenarios
PC components

KINGMAX Launches DDR5 Horizon II Overclocking Memory Module, Tailored for High-Load Scenarios

DeepCool Unveils SPARTACUS 360 AIO Liquid Cooler for High-End Performance and Customization
Cooling Systems

DeepCool Unveils SPARTACUS 360 AIO Liquid Cooler for High-End Performance and Customization

KINGMAX Launches New DDR4 Blade X Gaming RAM, Delivering Powerful Performance for Intel/AMD Platforms
PC components

KINGMAX Launches New DDR4 Blade X Gaming RAM, Delivering Powerful Performance for Intel/AMD Platforms

Corsair announces FRAME 4000D LCD RS ARGB PC Case
Cooling Systems

Corsair announces FRAME 4000D LCD RS ARGB PC Case

Samsung Launches One UI 8.5 Beta for Next-Level Ease of Use
Smartphones

Samsung Launches One UI 8.5 Beta for Next-Level Ease of Use

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed