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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

You can’t stop the news when it goes mobile

Mark Bridge writes:

A couple of weeks ago I was wandering through London, wondering whether mobile streaming could erode personal privacy… and whether anyone cared.

But there’s a positive site to the immediacy of streaming, as Bambuser reminded me today.

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Mobile phones give you wings

Mark Bridge writes:

James's recent trip down memory lane reminded me of a moment in 1998 when a major mobile phone manufacturer promised phones that 'gave you wings'. No, not Red Bull. No, not Red Bull Racing partner LG. It was Motorola.

Author: The Fonecast
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A time before Android

James Rosewell writes:

Whilst flicking through my drawer full of old handsets I thought back to a time when Apple produced a new MP3 player, newspaper editors didn't know what a smart phone was, and Android was only a press release. A quick flick through YouTube threw up the following interview with Microsoft's Steve Balmer offering his thoughts.

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SAP, HP and Oracle: a simple view of what's happened recently

Mark Bridge writes:

This sequence of recent events involving SAP, HP and Oracle – although unconnected – seemed deserving of a simple diagram.

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Why I don't care about the Google Nexus S

Mark Bridge writes:

The Google Nexus S. Search for it online and you’ll find over a million web pages talking about it.

But I don’t care about the Google Nexus S. Or the Nexus Two or the Samsung i9020 or whatever else you call it. Quite frankly, it’s not any use to me. My current rapidly-aging HTC TyTn II has more features than the Nexus S.

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