Sony Ericsson Q2 profit up 55 pct, misses forecasts
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Sony Ericsson, the world's fourth-biggest mobile phone maker, missed expectations with a 55 percent jump in quarterly profits after it shifted focus to sales of lower-priced phones to gain market share.
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South Korea&#39;s LG Electronics Inc.  (066570.KS) swung to a profit in the second quarter as a  turnaround in its LCD venture and strong mobile phone sales  outweighed heavy losses in its plasma display business.
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STOCKHOLM Ericsson, the world&#39;s biggest producer of mobile phone networks, reported a sharp rise in third-quarter profit on Friday but said market growth next year would be slower than in 2004.
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Swedish telecommunication equipment maker Ericsson on Friday reported a gain in second quarter net earnings but its sales performance fell short of market expectations.
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Sony Ericsson, the world&#39;s fourth  biggest mobile phone maker, posted higher second-quarter sales  on Wednesday but its profit and its average phone sale prices  were below analyst estimates.
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Ericsson, the world's largest supplier of mobile telecommunication networks, on Friday posted an 8.2 percent rise in profits in 2006 but disappointed the market by revising downwards its forecast for 2007.
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Sony Ericsson, the world&#39;s  fourth-biggest mobile phone maker, posted higher second-quarter  sales on Wednesday but its profit and its average phone sale  prices were below analysts&#39; estimates.
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Sony Corp  swung to a quarterly operating profit as it booked strong sales of personal computers and digital cameras and benefited from a weaker yen, and it raised its full-year forecast by 2 percent.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The companyâs stock soared.
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Home products retailer Williams-Sonoma Inc. reported Wednesday that second-quarter profits rose 55 percent on strong sales growth to beat Wall Street expectations.
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone
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(InfoWorld) - Sony's core electronics business more than doubled profits in the last quarter of 2006, but failed to offset price cuts to itsÂ PlayStation 3 game console, leading to an overall profit decline of just over 5 percent, the company said Tuesday. The company said sales and operating revenue increased 9.8 percent to Â¥2.6 trillion ($21.4 billion) while net profit fell 5.3 percent to Â¥159.9 billion. Sony Computer Entertainment, the division responsible for its PlayStation gaming consoles, was the only one of Sony's main business units that registered a loss in the quarter. It lost Â¥54.2 billion primarily due to the retail price of the more expensive of the two consoles being reduced from a planned Â¥62,790 to Â¥49,980 in Japan. The cut was made, Sony said, due to negative feedback from consumers. Sony's electronics business saw profits more than double to Â¥177.4 billion on 16.9 percent higher sales of Â¥1.9 trillion, the company said. The unit had a generally positive quarter with sales of Bravia LCD (liquid crystal display) televisions and Cybershot digital still cameras increasing. Europe saw the biggest percentage sales jump, up 21 percent, thanks to better LCD TV and Vaio PC sales, while tough competition in the U.S. TV market meant sales there increased by just 3 percent. Sony Pictures returned to profitability as sales there jumped 47 percent, but sales in the financial services division fell 9 percent. Underlining the generally positive results, Sony revised its full-year profit forecast upward for the year to the end of March. It now expects to record a net profit of Â¥110 billion for the year, up from its previous forecast of Â¥80 billion, although still lower than the Â¥124 billion it reported last year. The sales forecast was left unchanged. Sony's mid-term business plan has targeted a profit margin of 5 percent for the coming fiscal year. Sony's electronics business is already meeting its part of the target and will continue to do so next year however the games unit needs to improve, Sony's chief financial officer Nobuyuki Oneda said at a Tokyo news conference on Tuesday. He expects to bring the company's games unit closer to break-even in the second half, he said. Sony will target cost savings in the PlayStation 3 by introducing more advanced chips and consolidating components to reduce the overall number of parts, he said. The company is already on the way to the first of these targets, with the recent start of production of a new version of the Cell processor built with a 65-nanometer production process. The chip in current consoles is built using a 90-nanometer process and the upcoming switch will mean a chip that is 40 percent smaller. Costs will fall in line with the size reduction, Sony said. It did not say when the new chip will appear in consoles. Sony wouldn't provide anyÂ PlayStation 3 shipment estimatesÂ for the coming financial year but said it remains confident it will ship 6 million consoles up to March. It also revised upwards its PlayStation 2 shipment forecast from 11 million units to 13 million units. Sony counts shipments as finished consoles leaving its factory for Sony warehouses and distributors. Oneda ruled out the possibility of further price cuts in the near future, but hinted that this could happen in two or three years' time. Â
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Swedish telecommunications equipment maker Ericsson reported a return to net profit in the third quarter, lifted by healthy growth in its international markets.
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Sony says its net profit is up 25 percent; PS3 sales are up, but still behind plan.
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Mobile phone maker Sony Ericsson  posted better-than-expected earnings on Wednesday and said it  gained market share in the fourth quarter and in 2007 as a  whole.
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LONDON, October 14  - Sony Ericsson posted robust profit growth for 3Q04, with the company&#39;s quarterly pre-tax profits more than tripling from the one year ago levels.
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Sony Corp. said profit from sales of home electronic products won&#39;t improve next quarter because of falling prices for flat-panel televisions and slumping demand for audio products.