Sony's $3 billion tops global box office
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LOS ANGELES  - Sony Pictures Entertainment said Thursday that it has reached $3 billion in worldwide box office sales this year, a marker hit by only two other studios in movie history.
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The third installment of the "Pirates of the Caribbean" films passed the $500 million mark worldwide in 20 days, including a record opening in China for the film's distributor, The Walt Disney Co.
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Swedish-Japanese mobile phone maker Sony Ericsson more than tripled its third-quarter pretax profits, gained market share on booming demand for its camera phones and
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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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New kit being airlifted in to US, exec clams Sony's PlayStation 3 production lines are "now running smoothly", a senior company executive has claimed. The consumer electronics giant is "focused on our goal of shipping a million units to retail by the end of the calendar year", he added.â¦
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"The Incredibles" lived up to its name at the foreign box office last weeekend, raking in an eye-opening &#36;45.3 million from 22 countries, according to final data issued Monday.
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Sony Corp sold 1.2 million PlayStation 3 video game consoles in North America over the holiday season, the company said on Sunday.
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Electronic Arts Inc., benefiting from brisk holiday sales of video games used on Sony Corp.'s new Playstation 3, exceeded Wall Street's earnings expectations Thursday despite fiscal third-quarter sales that dropped 38 percent.
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Sony said its profit rose in the final three months of 2007, helped by robust sales of televisions and computer games.
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&quot;Pirates of the Caribbean: At  World&#39;s End,&quot; the third film in the Walt Disney Co&#39;s  multi-billion franchise, took in $58 million at worldwide box  offices in limited showings before its wider record-breaking  release on Friday, Disney said.
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Sony Corp.  will launch its  PlayStation 3 with an 80-gigabyte (GB) hard disk drive on June  16 in South Korea for 518,000 won ($556), offering the upgraded  version of its latest game console for the first time ever, the  Japanese electronics conglomerate said.
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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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Pirates of the Caribbean: At World's End" ruled the seven seas with a record $139.8 million domestically over the long Memorial Day weekend, lifting its worldwide total to $404 million
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Wii sales lead, but Sony's PS3 consoles hit 1 million in sales in record time.
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Sony Corp. said Monday that PlayStation 3 game machine sales totaled 1.2 million in North America during the key holiday season, boosting the strength of the company's Blu-ray video format because the PlayStation 3 also works as a Blu-ray player.
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The digital video company produced strong profits in the third quarter.
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Nintendo's Wii outsold rival Sony's PlayStation 3 (PS3) three-fold in Japan last year, helping the country's multi-billion dollar video game market to notch up its best ever year, a survey showed Monday.