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Thursday, May 9, 2013

Sony shows a return to profit in its latest annual results

Sony’s annual results announcement for the year until 31st March 2013 shows a return to full-year profits, which is a notable change from its losses in recent years.

Net profit for the financial year was 43 billion yen (£279 million), while the previous year’s figures showed a 457 billion yen (almost £3 billion) loss. The past three months delivered a ¥94 billion (£611 million) profit, up from a ¥255 billion (almost £1.7 billion) loss for the same period a year earlier.

Annual sales were up 4.7% year-on-year to ¥6,800.9 billion (£44 billion), with the increase mainly due to the consolidation of the former Sony Ericsson Mobile Communications company, the favourable impact of foreign exchange rates and increased business at Sony’s Financial Services division.

Profitability is expected to increase to ¥50 billion for the current year.

Recent cost-cutting activity at Sony has seen the company shed several thousand jobs and sell its New York offices.

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Opinion Articles

Last week at The Fonecast: 8th July 2013

Not all good news...

Mark Bridge writes:

The UK is beginning its week with news of a long-awaited sporting victory for Andy Murray. The telecoms world had its own much-anticipated good news last week, when European roaming rates fell again. And regardless of Neelie Kroes’ plans to abolish roaming rates completely, there’ll definitely be another roaming cut in 2014.

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The hidden benefits of 4G

Dan Grose of Phones 4u writes:

It’s been nearly 10 months since EE launched the UK’s first 4G network and an estimated 55% of the country is now enjoying its benefits. The fourth generation of mobile networks has brought speeds of between 10-12 megabytes per second to thousands of areas across Britain, creating somewhat of a revolution in super-fast mobile browsing.

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Nokia’s £13 phone still makes money for the company

Mark Bridge writes:

The UK mobile phone industry knows all about subsidised prices. Independent mobile dealers and high-street shops will happily offer a ‘free phone with free connection’ in order to tie a customer into a minimum-term contract.

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Easily upgrade your Android and iPhone app to access physical objects

Andrea Gerber of baimos technologies writes:

Mobile devices are becoming ever more prevalent in our daily lives and so it comes as no surprise that they are now being utilized in security-relevant scenarios such as car-sharing and shared parking. Mobility solutions such as these increasingly rely on smartphone applications, hence technologies arise that allow the smartphone to morph into a digital key.

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Last week at The Fonecast: 1st July 2013

Good news from Sony Mobile, bad news from BlackBerry

Mark Bridge writes:

I don’t know about you but I’m delighted to see Sony Mobile getting plenty of coverage for its new smart watch and giant smartphone. The company’s impressive presence at Mobile World Congress 2013 showed plenty of promise... and I’d say it’s now delivering.

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