Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
SONY IS WARNING investors and shareholders that its financial results for this fiscal year ended 31st March 2014 will be poorer than expected.
The company originally expected to pull in an operating income of 80 billion yen (€563 million) but has reduced this to 26 billion yen (€183 million), a 67.5 per cent decrease from its February forecast.
The company pointed towards two primary factors for this revised forecast. The first was Sony exiting the PC market, causing it to add approximately 30 billion yen (€211 million) in what it described as “additional expenses.”
Sony originally announced it would be exiting the PC market in February, selling it off to a Japanese investment fund, so it could focus on mobile.
The other is the demand for physical media, such as Blu-ray, falling faster than the company expected. This means Sony won’t be generating enough revenue from that sector to cover costs, meaning it expects to record 25 billion yen (€176 million) in impairment charges.
Sony is expected to announce the actual results of its fiscal year on 14th May 2014.
To embed this post, copy the code below on your site
So … it’s not actually going to make major losses then?
The article mentions operating income as opposed to profit.
True, but it’s counting its exceptionals above the operating income line. So where are the losses going to come from?
Poor auld Japanese tech company’s never saw the south Koreans coming.
If Sony concentrated on mobile phones they will clean up. In terms of spec they are there or there abouts. Smart phone users are crying for better battery life. If “stamina mode” could be developed with less restrictions it would be fantastic.
Yep. The phones are fantastic, but I feel that the 6 Month model updates are just a bit too close together. A year is perfect as their phones tend to be fairly top spec.
The PS3 is what’s kept Sony in business the last few years
PS3 cost them a fortune, it was an expensive trojan horse to get Blu Ray in the house, but that is dying fast as streaming takes over…..
It was impossible to get a ps4 last xmas, some stores got four consoles in total,
Those 4 people agreed with you it seems.
Sony got crap over the last 10 years.
They should have ended it at the Walkmann.
Discs… Who buys these still. With network storage nowadays discs are redundant
have your say