Welcome to Your Daily Spot! Support us and become a Pro.
  Your Daily Spot
  Your Daily Spot
  • Hub
    • Animes
    • Cartoons
    • Tech
  • Apps
  • Video Games
    • Action
    • First-Person Shooter >
      • Call Of Duty Tips & Tricks
      • Destiny
      • Call of Duty®: Advance Warfare
      • Counter Strike >
        • CS:GO Video
    • Racing
    • Simulation
    • Sports
    • Strategy
    • Online Games >
      • MapleStory
    • Vainglory >
      • Find Allies
      • ShinKaigan
  • News
    • Apple
    • Entertainment
    • Gaming
    • Tech
  • About Us
    • Blog
    • Partners >
      • Apply
  • Contact
    • Team
    • Discord
  • Upcoming
  • Deals
  • Pro

Headline of The day!

Sony replaces mobile chief and slashes smartphone sales forecast

11/3/2014

Comments

 
Picture
Sony's attempt to become a major player in mobile has hit another speed bump. The company now expects to ship 41 million smartphones in its current fiscal year — that's down from a forecast of 43 million units in July, which was itself a cut from the 50 million projected in April. Although Sony's mobile division brought in ¥308.4 billion ($2.83 billion) in revenue from July to September, around a 1.2 percent increase on a year ago, the company is writing down ¥176 billion yen of the business' value.
Kunimasa Suzuki, the president and CEO of Sony Mobile since April 2012, has been replaced by Hiroki Totoki, until now a senior VP in charge of corporate planning. Suzuki will become executive VP at Sony Entertainment and move to a group executive role at the wider corporation as of November 16th.
Picture
Overall, Sony reported a net loss of ¥136 billion ($1.25 billion) off ¥1.9 trillion ($17.4 billion) revenue in its fiscal Q2, with an operating loss of ¥85.6 billion ($785 million); all of this means the company lost 593.9 percent more money than in Q2 2013. The PlayStation 4 made a strong contribution to Sony's 7.2 percent year-on-year increase in sales with the game division bringing in 83.2 percent more revenue than this time last year, and the weakening yen helped the company's bottom line because most of its sales are outside Japan. Sony puts the swing to operating loss largely down to the mobile division's ¥176 billion impairment charge, which it last month warned investors to expect after a reassessment of the current smartphone strategy.
Sony has received some critical acclaim for its smartphones, but has struggled to make inroads in the critical US market. The current flagship Xperia Z3, for example, is only available on fourth-placed T-Mobile and, although number 1 carrier Verizon has recently agreed to sell a model called the Z3v, it's a watered-down version of the Z3 with cheaper hardware design.

While Sony's own phones might not be doing well, the company does have significant presence in the mobile industry in a way most users might not expect: its camera sensors, used by Apple and other leading manufacturers. Sony's "devices" division, which handles component sales, saw revenue increase 23.1 percent and operating profit increase 148.7 percent year-on-year due to an increased demand for image sensors and camera modules in mobile products. It might not be the mobile success Sony is hoping for, but it's nonetheless a bright spot in some otherwise gloomy earnings.
© 2014 http://www.theverge.com/2014/10/31/7136537/sony-earnings-q2-2014
Comments
comments powered by Disqus

    Headlines


    Picture
    Instagram launches redesigned app and icon
    Picture
    Warner Bros. will release 35 4K Blu-ray movies this year in glorious HDR
    Picture
    Samsung's new Tizen-powered remote could rule your smart home
    Picture
    FAA announces drone owners must register by February 19th, 2016

    Archives

    May 2016
    January 2016
    December 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014

    Categories

    All
    4K
    5K
    Anime
    Apple
    Apple Music
    Apple Watch
    Apps
    Entertainment
    Ferrari
    Funny Videos
    Gear S
    Google
    Headline
    HP
    IMac
    IOS
    IPad
    IPhone
    Lamboghini
    Microsoft
    Nexus
    Nokia
    OS X
    Pranks
    Samsung
    Samsung Galaxy
    Sony
    Tech
    Tech Toys
    TV
    Video Games
    Vizio
    Windows 10
    Xiaomi

Copyright © 2014-2016 Your Daily Spot. All Rights Reserved.
v2.1.4 August 11, 2015
Terms of Service
Sitemap