0
General

Sony results fall on drop in mobile sales, films writedown

Thursday 2 February 2017 | 10:17 CET | News
Sony reported lower results for its fiscal third quarter to December, hurt by the stronger yen and the earlier announced writedown at its TV and films business. Sales fell 7.1 percent to JPY 2.398 trillion and were essentially flat excluding forex effects, as growth in Playstation and semiconductor sales was offset by a continued fall in mobile phone sales. Operating profit was down 54.3 percent to JPY 92.4 billion, and net profit dropped 83.7 percent from a year earlier to JPY 19.6 billion after the impairment of JPY 112 billion at the Pictures division.

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 profits jump on growth in semiconductors, camera components

Published 01 Aug 2017 09:44 CET | Japan
Sony saw its net profit nearly quadruple in the fiscal first quarter to June, to JPY 80.9 billion from JPY 21.2 billion a year ...

Sony forecasts return to growth in new year

Published 28 Apr 2017 10:23 CET | World
Sony forecast a return to revenue and sales growth in the fiscal year to March 2018, led by expansion in its gaming, ...

Sony raises FY profit forecast

Published 21 Apr 2017 15:27 CET | World
Sony has raised its outlook for profits in the fiscal year to March 2017, saying all operations other than components performed ...

Sony Mobile appoints new CHAT country manager

Published 27 Feb 2017 11:09 CET | Switzerland
Sony Mobile has named Gregor Novotny as the new country manager for Switzerland and Austria. Novotny will take over from interim ...

Sony unveils mid-range Xperia XA1 phones

Published 27 Feb 2017 10:58 CET | World
Sony has followed the launch of its flagship Xperia XZ Premium smartphone by unveiling its new midrange Xperia XA1 and XA1 Ultra ...

Sony intros Xperia XZ Premium with 4K HDR, gigabit LTE

Published 27 Feb 2017 10:27 CET | World
Sony has unveiled its new flagship smartphone, the Xperia XZ Premium at Mobile World Congress. The new device focuses on Sony's ...

Sony writes down value of films business

Published 31 Jan 2017 09:08 CET | World
Sony announced an impairment charge of JPY 112.1 billion on its Pictures business amid expected lower profitability in future. ...

Sony unveils first smartphone games for launch in 2017

Published 07 Dec 2016 14:42 CET | Japan
Sony has announced the first games from its Playstation franchise to be launched for smartphones. Part of the ForwardWorks ...

Playstation 4 passes 50 mln units sold

Published 07 Dec 2016 14:35 CET | World
Sony Interactive Entertainment announced that the PlayStation 4 has passed the milestone of 50 million units sold, following ...

Sony quarterly results fall on continued drop in smartphones

Published 01 Nov 2016 08:31 CET | World
Sony reported revenues for its fiscal second quarter to September down 10.8 percent year-on-year to JPY 1.689 trillion, hurt by ...

Sony confirms loss on battery sale

Published 31 Oct 2016 09:25 CET | World
Sony has cut its full-year profit outlook due to writedowns on the sale of its batter business. This follows the company ...

Sony expands Playstation 4 range with 2 new models

Published 08 Sep 2016 08:57 CET | World
Sony announced two new models of the Playstation gaming console, the more premium Playstation 4 Pro and a lighter, slimmer ...

Sony profit down sharply in Q1, trims FY sales outlook again

Published 29 Jul 2016 08:29 CET | World
Sony reported lower results for its fiscal first quarter to June, hurt by a sharp slowdown in smartphone sales and disruption to ...

Sony sees Playstation driving growth, cuts mobile outlook

Published 29 Jun 2016 08:59 CET | World
Sony has trimmed a number of its mid-term targets, for its mobile and components activities, while forecasting a stronger ...





Calendar   /   Industry Events

05 Mar Vonage Investor Day
08 Mar Smith Micro Q4 2020
10 Mar MTN FY results
10 Mar Verizon Investor Day
11 Mar Gogo Q4 2020
11 Mar Technicolor FY results
11 Mar T-Mobile US analysts day
12 Mar RTL Group Q4 2020
12 Mar Mobilezone Q4 2020
12 Mar AT&T analysts day
::: More Calendar Items