0
General

Sony posts Q4 loss after writedown on smartphone business

Friday 27 April 2018 | 11:04 CET | News
Sony reported results for its fiscal year to March up more than forecast. Revenues rose 12.4 percent to JPY 8.544 trillion, and net profit jumped to JPY 491 billion from JPY 73 billion a year earlier. The company forecast lower profits for the current year, as it focuses more on margins over volume for its TV and smartphone businesses, and also sees a negative impact from exchange rates and lower investment gains. 

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: General
Companies: Sony
Countries: World
::: add a comment

Add 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 raises outlook again as Playstation growth offsets mobile losses

Published 30 Oct 2018 10:49 CET | World
Sony has again increased its full-year outlook and raised its interim dividend after a strong set of results for its fiscal ...

Sony profits up on Spotify gain, mobile losses widen

Published 31 Jul 2018 10:43 CET | World
Sony more than doubled its net profit in the fiscal first quarter to June, helped by the sale of its shares Spotify and a strong ...

Sony unveils new Xperia XZ2 Premium, with pro camera, loudest speakers yet

Published 16 Apr 2018 15:01 CET | World
Sony Mobile has launched its new Xperia XZ2 Premium smartphone. The top-of-the-range phone comes with a professional Motion Eye ...

Sony introduces new flagship Xperia XZ2 smartphone at MWC

Published 26 Feb 2018 08:54 CET | World
Sony has unveiled two new smartphones at Mobile World Congress in Barcelona. The Sony Xperia XZ2 and XZ2 Compact are its new ...

Sony raises FY profit forecast after strong improvement in Q3

Published 02 Feb 2018 09:30 CET | World
Sony reported a strong improvement in results for its fiscal third quarter, as the company announced the transition to a new CEO. ...

Sony CFO Yoshida to take over as CEO from April

Published 02 Feb 2018 09:17 CET | World
Sony has promoted its CFO Kenichiro Yoshida to become CEO from 01 April. The current CEO Kazuo Hirai said it was time to move on ...

Sony unveils new 'super mid-range' smartphones at CES

Published 08 Jan 2018 10:59 CET | World
Sony has unveiled thee new smartphones at CES in Las Vegas. The Xperia XA2, XA2 Ultra and L2 offer a new design style from the ...