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Wed, Jul 27 2011 Surveillance video captures Norway blast Wed, Jul 27 2011 DSK maid lawyer talks 3:44am EDT Sony sticks with profit outlook despite TV squeeze Tweet Share this Email Print Logos of Sony Corp (L) and PlayStation are seen at an electronics store in Tokyo July 22, 2011. Credit: Reuters/Toru Hanai Related News Dollar recovers some ground after sell-off Wed, Jul 27 2011 UPDATE 4-Corning warns on TV sales, shares fall Wed, Jul 27 2011 Boeing profit beats forecasts; shares rally Wed, Jul 27 2011 Medicare weighs on WellPoint; other insurers down Wed, Jul 27 2011 Amazon revenue and spending surges Wed, Jul 27 2011 Analysis & Opinion Tech wrap: Hackers target PayPal, again The heat of battle Related Topics Technology » Media » TOKYO | Thu Jul 28, 2011 2:37am EDT TOKYO (Reuters) - Sony Corp stuck with its full-year profit forecast after slashing its outlook for TV sales, confident that other units will perform better than earlier anticipated to offset additional losses in the unit. The maker of Bravia TVs and PlayStation game consoles left its full-year operating profit outlook unchanged at 200 billion yen, flat on the previous year, even though it cut its annual forecast for LCD TVs to 22 million sets from 27 million. That profit target is below an average forecast of 224.5 billion yen among 22 analysts polled by Thomson Reuters I/B/E/S. Sony trails South Korean rivals Samsung Electronics and LG Electronics in the high-profile flat-screen TV market and was aiming to slash its losses in TVs to less than half of last year's 75 billion yen. The company kept its unit sales estimate for PlayStation 3 games consoles at 15 million and digital camera sales at 24 million units after reporting a 59 percent drop in quarterly operating profit, as it struggled with production woes following the devastating March earthquake in Japan. April-June profit fell to 27.5 billion yen from 67.0 billion yen a year earlier. The result compared with market estimates of 15.2 billion yen, based on the average of forecasts by five analysts polled by Thomson Reuters I/B/E/S. For the remainder of the business year it expects a dollar/yen rate of 80 yen and euro/yen of 115 yen. Sony's shares closed down 1.1 percent at 2,013 yen ahead of the announcement. The stock has lost 30 percent since Japan's March 11 earthquake. (Reporting by Isabel Reynolds; Editing by Anshuman Daga) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) gruven137 wrote: Not good. Sadly this is just the beginning of really bad earnings reports that will be coming out of Japan. Jul 28, 2011 2:36am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) 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