0
Wireless

Sony forecasts growth in gaming, components

Tuesday 25 November 2014 | 10:07 CET | News
Sony hopes to finish restructuring of its mobile business in the fiscal year ending in March 2016, making it profitable from the next fiscal year, the company said. "Our urgent task is to make the business profitable even if sales drops by 20-30 percent," said Hiroki Totoki, head of the mobile business, at a meeting with investors reported by the Wall Street Journal. Sony believes the smartphone industry is already matured, so it plans to focus on marketing on existing customers, instead of new ones, Totoki said. While the company did not provide any new forecasts for the mobile business

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Sony
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sony targets annual opg profit over JPY 500 bln by 2018

Published 18 Feb 2015 09:01 CET | World
Sony announced a new mid-term corporate plan focused more on profitability. For the three years to March 2018, the company will ...

Sony plans more job cuts as smartphone sales shrink

Published 04 Feb 2015 08:57 CET | World
Sony announced plans to cut another 2,100 jobs at its mobile phone business by March 2016, in order to return the activities to ...

Sony to cut 1,000 jobs at smartphone business - report

Published 28 Jan 2015 08:20 CET | World
Sony plans to eliminate another 1,000 jobs in its smartphone operations, a person familiar with the matter told Bloomberg. The ...

Sony delays quarterly results after hacking attack

Published 23 Jan 2015 10:12 CET | World
Sony has delayed the publication of its fiscal third-quarter results following the hacking attack at the company. The company ...

Sony Mobile to focus profit drive on Mideast, Africa

Published 23 Jan 2015 10:06 CET | Africa
Sony Mobile plans to focus more on the Middle East and Africa, one of the few markets where the handset maker is bullish on ...

Sony not certain to remain in TVs, mobile phones - report

Published 14 Jan 2015 10:11 CET | World
Sony is open to options including sales and joint ventures for its money-losing TV and mobile phone operations, company officials ...

Sony to launch Android TVs, more 4K models

Published 06 Jan 2015 10:12 CET | World
Sony has announced plans to launch smart TVs running the Android operating system. This will give customers access to apps on ...

Sony mikt op winstgevendheid smartphones, niet op sales

Published 25 Nov 2014 09:10 CET | World
Sony hoopt voor het einde van zijn huidige fiscale jaar eindigend maart 2015 zijn mobiele divisie dusdanig te hebben ...

Sony posts quarterly loss on weak mobile sales

Published 31 Oct 2014 08:50 CET | World
Sony reported a net loss of JPY 136 billion for its fiscal second quarter to September, hurt by an impairment charge to write ...

Sony to axe 15% of mobile unit staff by March 2015

Published 18 Sep 2014 10:59 CET | World
Sony will reduce its mobile unit staff by 15 percent in the current fiscal year ending in March 2015, Reuters reports, citing ...

Sony downgrades mobile growth expectations

Published 17 Sep 2014 10:14 CET | World
Sony announced it will take an impairment charge of JPY 180 billion in its fiscal second quarter to write down the value of its ...