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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

The PlayStation mobile has arrived... among others

Xperia Play

Xperia Play

James Rosewell writes:

Tonight Sony Ericsson announced an impressive four new Xperia handsets based on the Android 2.3 Gingerbread operating system and the Bravia graphics engine more commonly found in TVs. I got hands-on with the much anticipated Play, and its 3 siblings Neo, Pro and Arc. Here's what I thought.

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This week at The Fonecast: 12th February 2011

Mark Bridge writes:

Next week is Mobile World Congress in Barcelona – I’m sure don’t need me to tell you that! – and Nokia has given us plenty to talk about when we get there.

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Nokia - a burning platform or a red-hot hoax?

Mark Bridge writes:

On Friday morning, Nokia is hosting a Strategy and Financial Briefing in London. And on Sunday evening, it’s holding a press briefing in Barcelona. CEO Stephen Elop is expected to make some significant changes to the company - but what will he say?

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Poor Nexus S sales? Blame the Carphone Warehouse's deals, says Carphone Warehouse subsidiary

Mark Bridge writes:

Last December we reported on the launch of the Google Nexus S, which was being sold exclusively in the UK by the Carphone Warehouse and Best Buy UK (which is run in partnership with the Carphone Warehouse).

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This week at The Fonecast: 6th February 2011

Mark Bridge writes:

Last year, mobile payments seemed a lifetime away. Even Visa Europe's head of mobile wasn't overly optimistic about the likelihood of the 'mobile wallet' becoming a reality in the short-term.

This week we have not one, not two, but three mobile payment announcements.

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