Sony mobile sales increase 39.3%October 31, 2013 - 11:42 AMT PanARMENIAN.Net - Sony's hugely improved smartphone range did well for the company, and mobile sales in the last quarter have increased 39.3 percent since the same period last year. However, the rest of the financial news makes less cheery reading for Sony fans. In total, the company's cut its annual profit forecast down to 30 billion yen (roughly $300 million) - a 40 percent decrease from the 50 billion yen it expected to pull in, Engadget reports. Camera sales dropped 6.9 percent, following the continued decline of video camera and compact point-and-shoots -- its imaging arm saw a total loss of $24 million. Meanwhile, TV sales are up, but despite the positive effects of cost reductions and restructuring, the division still lost $123 million in the last quarter. Sony's own image sensors and components continue to make cash, following the continued boom in smart devices, with an operating income of $122 million for Q2 2013. Just ahead of its grand PS4 launch, the gaming department made a loss of $8 million, which (a little like Nintendo) it has blamed on "strategic price reduction" of its Vita handheld. It adds that this loss was "partially offset" by software sale increases on the PS3 (although not on the Vita). Sony still managed to sell 2 million new PS3s in the last quarter and it hasn't changed its predictions for the gaming arm. The company is expecting big things from the new PlayStation and a quick shift to profitability, pinning hopes on its content stores that are firmly lodged inside the next-gen console. Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. |