Sony swings to profit on electronics
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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 raised its full-year forecast by 2 percent.
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Walkman phones prove leader of the pack Sony Ericsson saw its profits jump 55 per cent year-on-year in its results for the second quarter of 2007.â¦
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Sony said its profit rose in the final three months of 2007, aided by robust sales of televisions and computer games.
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Sony Ericsson, the world's fourth-largest mobile phone maker, said Thursday its net profit rose 54 percent in the quarter ended June 30, as it expanded its market share with low and mid-range phones.
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Sony Corp. posted a 13 percent drop in quarterly profit on Thursday due to sliding prices of TVs, DVD recorders and video cameras and its failure to overtake Apple Computer's iPod in the portable audio market.
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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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Japanese electronics conglomerate Sony  Corp. posted a 13 percent drop in quarterly profit on Thursday  due to sliding prices of TVs, DVD recorders and video cameras,  compounded by its failure to overtake Apple Computer's iPod in  the portable audio market.
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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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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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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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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 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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Two Japanese electronics makers reported improved fiscal first-half earnings Friday, with profits at Hitachi Ltd. surging nearly eight-fold, while Toshiba Corp. rebounded to profitability from a loss the previous year.
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Plus:  Electronics sales push Sony to profit...STMicro sees market recovery...VMWare profit rises as software sales climb...Amazon margins a concern.
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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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Strong sales and lower production costs should boost Sony's take on game console, exec says.
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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.