Sony forecasts drop in smartphone sales this year

Thursday 30 April 2015 | 13:18 CET | News
Sony announced new medium-term targets for its mobile phone business. It now targets revenues of JPY 1.00-1.25 trillion for the activities in the year to March 2018, compared to a forecast in February of JPY 0.90-1.10 trillion. The higher forecast is due to the inclusion of its So-net unit in the mobile division. The operating margin target was left unchanged at 3-5 percent in FY 2018. In the past year, mobile sales rose 11 percent to JPY 1.32 billion, while the operating result was a loss of JPY 220.4 billion, mainly due to a goodwill impairment of JPY 176 billion as well as the stronger US

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Categories: Mobile & Wireless
Companies: Sony
Countries: World
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