Sony Says Exceeds China Sales Target
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Sony (6758.T), which rivals Matsushita (6752.T) as the world's top consumer electronics maker, should see sales in China climb by about half in the fiscal year ending March 2005, its country chief said on Tuesday.
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HONG KONG - China&#39;s consumer electronics industry is projected to reach $49.6 billion in sales this year, growing by more than 20 percent annually to reach $94 billion in 2007, according to a report from Global Sources Ltd.
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By Kyodo News International, Tokyo  Dec. 12--BEIJING -- Japan's electrical machinery giant Hitachi Ltd.  announced Tuesday a plan to boost its sales in China to $12 billion in fiscal  2010, up 1.7 times from its sales target for fiscal 2006 which ends next  March.
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Nintendo&#39;s runaway surprise hit, the Wii gaming console, continued its strong performance last month, particularly in the Far East. According to Reuters, research by the marketing firm Enterbrain showed that the Wii outsold the high-end Sony PlayStation 3 by a ratio of more than six to one. In the four weeks ending June 24, Nintendo sold more than 270,000 Wiis, compared to Sony&#39;s sales of just over 41,000 units. Microsoft&#39;s Xbox 360 was a distant third, with just under 18,000 units sold.
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Sony is beating its own target for reducing greenhouse gas emissions and will begin promoting a sustainable lifestyle to consumers through its products, its chief executive said Friday.
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Global consumer electronics giant Sony said its interim net profit more than doubled to 76.5 billion yen (720 million dollars), thanks in part to its popular movie Spider-Man 2.
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Attempting to soothe concerned consumers over a lack of PlayStation 3 shipments in the market, Sony reaffirmed its target to sell six million consoles by the end of March. No word on expected results this year, however.
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Sony Pictures Entertainment's movie  ticket sales reached $1.577 billion at domestic box offices in  2006, beating an industry record of $1.573 billion set by the  studio in 2002, a company spokesman said on Monday.
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Sony Ericsson, the world'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' estimates.
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Computer company IBM releases market-beating sales and profit figures, boosted by foreign demand.
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Sony Corp.  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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Sony Corp  said the operating margin at its electronics operations is expected to beat its target for the year to March, but operating loss at its videogame unit will likely be double its initial forecast.
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Latest statistics from the Ministry of Information Industry show that China exported more than four million Chinese-brand mobile phones from January to September, far exceeding last year&#39;s total of 2.06 million.
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Swedish-Japanese mobile phone maker Sony Ericsson reported higher fourth-quarter sales and average selling prices than expected on Tuesday, saying its 3G handsets and camera phones were driving the growth.
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Sony Corp (6758.T), maker of PlayStation  game gear and Vaio PCs, posted a small rise in quarterly  operating profit and cut its outlook as weaker markets ate into  its investments and a firmer yen hurt overseas sales.
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Sony Corp.   said on Wednesday it sees its electronics sales growth outpacing the industry in the current fiscal year, fueled by demand for big televisions and digital cameras, while a decline in component pricing could benefit profits.
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Sony recorded a 61.6% jump in its net profit in the third quarter of this year thanks to the success of its entertainment and movie sectors, the firm said yesterday.