Sony Cautious on Home Electronics Profit
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Japan's Sony Corp. does not expect a  sharp recovery in the profitability of its home electronics  business during the crucial October to December quarter, citing  high costs to develop flat-panel televisions and a shrinking  market for home audio goods.
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The electronics company warns on third-quarter earnings.
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Sony Corp. said U.S. sales of electronics have been better than expected so far this holiday shopping season, fueled by demand for flat-panel televisions and digital cameras.
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Sony Corp. said on Friday its television  business returned to the black in the key October-December  quarter but that profits were below its expectations, citing  intense price competition.
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Sony Corp. Chairman Howard Stringer promised Thursday to shift the struggling electronics giant from recovery to growth and to boost game offerings for the PlayStation 3, calling the console a key profit driver despite its bungled rollout.
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Sony Corp may report a rise in profit during the July-September period, led for the second consecutive quarter by its movie business, as producer of box-office hits such as
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Sony Corp. (6758.T) said on Monday  U.S. sales of electronics have been better than expected so far  this holiday shopping season, fueled by demand for flat panel  televisions and digital cameras.
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Analysts say makers sell consoles at a loss and profit on games, but Sony's loss is unusually high.
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Japan's Sony Corp. does not expect a sharp recovery in the profitability of its home electronics business during the crucial October to December quarter, citing high costs to develop flat-panel televisions and a shrinking market for home audio goods.
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Sony Corp.  said on Thursday it  has no plans to change its targets for shipments of its  hot-selling PlayStation 3 and operating profit margin,  signaling its recovery is on track despite drawbacks such as  battery recalls.
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TOKYO -- A recovery in electronics sales offset losses in video games and helped boost Sony's profit for the July-to-September quarter more than 40-fold over the same period a year ago.
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Sony warns that it does not expect profits at its home electronics business to recover  in the normally busy Christmas season.
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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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Sony reported a 25.2 percent jump in profit for the October-December quarter Thursday as its PlayStation video game business stopped losing money after six straight quarters of losses.
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Sony Corp. 6758.T on Wednesday  said it had no plans to abandon the market for plasma-screen  television sets in the United States in the near term, though  it did not say specifically what its intentions were  internationally.
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Sony Corp swung to a quarterly operating profit as it booked strong sales of liquid crystal display TVs and digital cameras and benefited from a weaker yen, and it slightly raised its full-year forecast.
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Sony Corp.  said on Thursday it has no plans to change its targets for shipments of its hot-selling PlayStation 3 and operating profit margin, signaling its recovery is on track despite drawbacks such as battery recalls.