TOKYO (Reuters) - Sony Corp shed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.
Sony Corp shed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn ...
President of Sony Corp (ADR) (NYSE:SNE) Mobile Communications Inc., Hiroki Totoki told the Wall Street Journal in an interview that he is committed to achieving a profit for the company’s mobile unit- a department that has suffered several losses in the past.
TOKYO: Japanese consumer electronics maker Sony Corp said it expects operating profit to more than quadruple this fiscal year, boosted by strong sales of camera sensors and cost cuts as it seeks to turn around its loss-making mobile phone business. Sony said on Thursday it estimates operating profit will grow in the year ending March 2016 to 320 billion yen ($2.7 billion) from 68.5 billion in the previous year. Results for the past year were roughly in line with a forecast announced earlier this month.
Sony Corp. (SNE) shares are up almost 5% today after the company highlighted its strategy to boost slowing sales, despite announcing another quarterly loss earlier in the day. But the Japanese electronics giant nonetheless beat consensus earnings estimate for its second quarter of fiscal 2015 (2QFY15) as a broader restructuring and moves to turn around its fortunes in the smartphone industry take shape.
In a recent article, Barron's columnist Jack Hough stated that Sony Corp (SNE) shares can be worth up to 40% more if the management swallows its ego, and understands once and for all that its days of leading the consumer electronics industry are over.
Alcatel-Lucent CEO Verwaayen stepping down as group sinks to hefty 2012 loss PARIS (AP) — Alcatel-Lucent CEO Ben Verwaayen is leaving the loss-making French-U.S. telecommunications gear maker after a failed four-year bid to turn the business around.
TOKYO (Reuters) - Sony Corp's shares tumbled 13 percent to a 13-year low on Friday after the electronics maker halved its profit forecast, as the credit crisis hurts demand for its cameras and flat TVs and drives up the yen.