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Wireless

Sony forecasts return to growth in new year

Friday 28 April 2017 | 10:23 CET | News
Sony forecast a return to revenue and sales growth in the fiscal year to March 2018, led by expansion in its gaming, semiconductor and pictures businesses. In the past year, sales fell 6.2 percent to JPY 7.603 trillion, and net profit halved to JPY 73.3 billion, as the Japanese company suffered from the stronger yen, a sharp drop in smartphone sales and writedowns on a number of assets. For the current year, Sony said it expects to grow sales around 5 percent to JPY 8.0 trillion, and operating profit should nearly double to JPY 500 billion, and net profit should more than triple to JPY 255

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Categories: Mobile & Wireless
Companies: Sony
Countries: World
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