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Sony lowers FY sales outlook on slower hardware sales, profit outlook up on cost savings

Wednesday 30 October 2019 | 10:27 CET | News
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Sony reported a small drop of 3 percent in revenues for its fiscal second quarter to September, hurt by lower sales of gaming consoles, TVs and smartphones. On a constant currency basis, revenues were roughly flat at JPY 2.122 trillion, as growth in streaming music, the takeover of EMI and more sales of imaging sensors offset the weaker hardware market. Profits improved, helped by lower impairment and restructuring charges, and Sony raised its profit targets for the full fiscal year. 

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Categories: Mobile & Wireless
Companies: Sony
Countries: World
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