Sony posts quarterly loss on weak mobile sales

Friday 31 October 2014 | 08:50 CET | News
Sony reported a net loss of JPY 136 billion for its fiscal second quarter to September, hurt by an impairment charge to write down the value of its mobile business. Revenues were still up 7.2 percent year-on-year to JPY 1.902 trillion, helped by strong Playstation sales. The operating result moved to a loss of JPY 85.6 billion from a profit of JPY 13.9 billion a year ago, due to the charge of JPY 176 billion for the mobile business. Sony also took JPY 9.9 billion in restructuring charges in the quarter, of which 7.7 billion for exiting the PC business. At the mobile division, sales were up

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.


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.


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 drops own music service in favour of Spotify

Published 29 Jan 2015 09:53 CET | World
Sony announced plans to close its streaming music service and offer Spotify instead. The services Video Unlimited and Music ...

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 forecasts growth in gaming, components

Published 25 Nov 2014 10:07 CET | World
Sony hopes to finish restructuring of its mobile business in the fiscal year ending in March 2016, making it profitable from the ...

Sony launches online TV service over Playstation

Published 13 Nov 2014 09:20 CET | United States
Sony has launched its own online TV service in the US, delivered over its Playstation gaming console. The Playstation Vue ...

Mobiele divisie Sony boekt fors verlies

Published 31 Oct 2014 08:14 CET | World
Sony heeft over het tweede kwartaal van zijn gebroken boekjaar 2014/2015, eindigend 30 september, een omzet gerealiseerd van ...

Sony names new CEO at mobile phone business

Published 30 Oct 2014 10:24 CET | World
Sony has named a new CEO at its struggling mobile phone business. Hiroki Totoki, currently senior VP at Sony for corporate ...

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 ...

Sony lowers smartphone outlook on weak emerging market sales

Published 31 Jul 2014 10:06 CET | World
Sony reported higher revenues and a strong improvement in profit in the fiscal first quarter to June, driven by sales of its new ...

Calendar   /   Industry Events

23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr Alphabet Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr Siminn Q1 2021
27 Apr Juniper Networks Q1 2021
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Microsoft fiscal Q3
27 Apr A1 Telekom Austria Q1 2021
27 Apr America Movil Q1 2021
27 Apr F5 Networks fiscal Q2
28 Apr Yandex Q1 2021
28 Apr SK hynix Q1
28 Apr Apple fiscal Q2
28 Apr MaxLinear Q1
28 Apr Oooredoo Q1 2021
28 Apr Extreme Networks fiscal Q3
28 Apr ZTE Q1 2021
28 Apr Ribbon Communications Q1 2021
28 Apr Bharti Airtel fiscal Q4
28 Apr Telefonica Deutschland Q1 2021
28 Apr Mediatek Q1 2021
28 Apr Qualcomm fiscal Q2
28 Apr Altice USA Q1 2021
28 Apr Samsung 'Galaxy Unpacked' event
::: More Calendar Items