InfoAnda - Sony sees return to profit, aims to halve TV losses |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Michael Jackson announces comeback | Entertainment | | 6 March 2009
White House press legend quits amid Israel row | 8 June 2010
China reports 9 more cases of swine flu | 9 June 2009

Buy or Sell: New Nokia smartphone no game changer | | 21 December 2011

Forum Views () Forum Replies ()

Read more with google mobile : Sony sees return to profit, aims to halve TV losses |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (1) Slideshow Counterparties: Today's Best Links Dem presidents create more jobs? Nearly two-thirds of private sector job creation has come under Democratic presidents during the last five decades, according to a new study by Bloomberg News. Read more at Counterparties Homeowners wait months to refinance Sign up for the Counterparties newsletter! Follow Reuters Facebook Twitter RSS YouTube Read No survivors found after Russian plane crashes in Indonesia | 10:48am EDT UPDATE 4-No survivors found after Russian plane crashes in Indonesia 10:43am EDT Syria suicide bombers kill 55, truce in tatters | 12:19pm EDT No survivors found after Russian plane crashes in Indonesia 10:44am EDT China urges Philippines to ensure citizens' safety 6:48am EDT Discussed 135 Obesity fight must shift from personal blame: U.S. panel 119 Florida nabs white supremacists planning ”race war” 86 Obama says same-sex couples should be able to marry: ABC Watched Russian plane crash in Indonesia 3:33am EDT World's rarest gorilla makes camera-trap debut Wed, May 9 2012 Russian plane goes missing in Indonesia Wed, May 9 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Creative smuggling From guns in a Mickey Mouse doll to drugs in mini-submarines, smugglers look for ways to outwit authorities. Slideshow Cat cafe Vienna's first cat cafe is open for business. Slideshow Sony sees return to profit, aims to halve TV losses Tweet Share this Email Print Related News Instant View-Sony forecasts rebound to profit after record loss 7:00am EDT Analysis & Opinion Appleâ€™s valuation isnâ€™t at risk any time soon Samsung moves on from Japan to nibble at Apple Related Topics Tech » Media » Japan » 1 of 4. A Sony logo is seen as customers look at Sony's digital cameras at an electronic shop in Tokyo May 10, 2012. Credit: Reuters/Kim Kyung-Hoon By Tim Kelly TOKYO | Thu May 10, 2012 7:00am EDT TOKYO (Reuters) - Sony Corp predicted a return to profit this year as it looks to halve the losses in its TV business that pushed the Japanese consumer electronics giant to a record loss of $5.74 billion in the year just ended. Sony shares, valued at around $15 billion or just 3 percent of rival Apple Inc, this week slipped to a quarter century low, a sign of how the Walkman and PlayStation maker has lost its innovative edge and fallen behind Apple and Samsung Electronics. Under new CEO Kazuo Hirai, Sony is slashing costs - 10,000 jobs, or 6 percent of the global workforce, will go - in a bid to turn around its struggling TV unit. At a briefing last month, Hirai sketched a future driven by mobile devices such as the Xperia smartphone, gaming and cameras, as well as medical devices and electric car batteries, along with big cost cuts in the TV business that has lost more than $12 billion in 9 years. The company said on Thursday it expects to sell more than 33 million smartphones this year, up from 22.5 million last year. In preparation for that mobile push, Sony last year bought out Ericsson from a phone joint venture to integrate the business with its other consumer electronics units. "In handsets, without big innovations, Sony will still be a second-tier smartphone market player," said SR Kwon, an industry analyst at Dongbu Securities in Seoul. "I'm just not impressed by Sony smartphones." "Will Sony get much better as time goes by? I'm not that optimistic. Currency is not the only problem, the bigger problem is that Sony has failed to catch up with consumer trends in TVs and handsets." Sony expects an operating profit of 180 billion yen in the year to next March, slightly ahead of market estimates, but a rebound from a loss of 67.3 billion yen in the year just ended. It forecast a full-year net profit of 30 billion yen. "The operating profit forecast isn't far off the level seen two years ago ... This suggests we're on a recovery trend and last year was definitely the bottom," said Kenichi Hirano, operating officer at Tachibana Securities in Tokyo. "But I think not everyone in the market is convinced of this, especially since the company lacks a solid plan to turn around its TV business." Sony's net income forecast, though, was not as high as some had anticipated. "The net profit came in below expectations, but they're projecting a strong operating profit, which I'm still doubtful they can achieve," said Hiroyuki Fukunaga, chief executive at Investrust. "It looks like they're trying their best, but just looking at the figures it's hard to see exactly how they're going to increase margins." HIRAI'S BATTLE Sony predicted sales of its liquid crystal TVs would fall 11 percent to 17.5 million in the current year, but forecast its losses from the LCD TV business would halve to 80 billion yen. As TV technology moves on, Samsung reiterated on Thursday it plans to sell organic light emitting display (OLED) TVs from the second half of this year and reckons this will become mainstream TV technology within 2-3 years. Hirai, who succeeded Welsh-born Howard Stringer last month, hopes to reduce Sony's TV costs after exiting a joint LCD panel venture with Samsung. The Japanese firm in December agreed to sell its 50 percent stake in the panel production firm that had locked it into buying expensive panels as a market glut triggered a drop in the price of the main TV component. Sony also sees an 11 percent decline in sales this year of its PlayStation games console, to 16 million. Sales of its new Vita handheld games console hit 1.8 million in the previous year, Sony said. Sony's January-March operating loss of 1.4 billion yen was narrower than the average 10 billion yen loss estimated by five analysts. Hirai has set a target for group sales of 8.5 trillion yen ($106.85 billion) in two years, with an operating margin of more than 5 percent, but he has yet to spell out just how Sony will achieve those mid-term targets, and investors are concerned about Sony's prospects as consumers flock to gadgets made by Samsung and Apple. Since the start of the year, Sony shares have dropped 12 percent, while the benchmark Nikkei 225 index has gained nearly 7 percent. Hirai "seems to have the will to turn the company around, but he's a young CEO and it's unclear whether he will actually be able to," said Investrust's Fukunaga. "Until we see some progress it's hard to judge whether they can meet their goals." Ahead of the results on Thursday, Sony shares closed down 1.2 percent at 1,213 yen, while the Nikkei average slipped 0.4 percent. ($1 = 79.5500 Japanese yen) (Additional reporting by Mari Saito and Sophie Knight in TOKYO and Hyunjoo Jin and Miyoung Kim in SEOUL; Editing by Edwina Gibbs and Ian Geoghegan) Tech Media Japan 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) mick68 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 10 May 2012
Radical cleric Qatada loses European appeal bid |
Sudan says regained control of rebel-held Darfur town |
Twelve decapitated near Guadalajara, drug gang suspected |
Qaeda leader urges Muslims to avenge Koran burning |
Investor wants Yahoo CFO or media boss as temp CEO |
Pentagon approves use of BlackBerry 7 models |
Online sharing, how much is too much? |
Celebrity hair stylist Vidal Sassoon dead at 84 |
Underwood tops Billboard album chart, Beastie Boys return |
General Hospital leads daytime Emmy nominations |
Brad Pitt new face of Chanel No.5 perfume |
Greek socialist makes last-ditch attempt at government |
China's Chen says officials launch crazed reprisals on family |
Wreckage from plane strewn on Indonesian mountain |
Putin not attending Camp David G8, will send Medvedev |
Two bombs strike Damascus, many casualties: state TV |
U.S. plans 10-month warship deployment to Singapore |
Sipping, not guzzling, fuel on Afghanistan's frontlines |
Eighteen people beheaded in Mexico, drug gang suspected |
U.S. study finds North Korea info controls weakening |
Apple, supplier Foxconn to share costs on improving factories |
Capgemini keeps FY targets after first-quarter sales rise |
Micron in talks to acquire Elpida, companies say |
Facebook to sell apps through new online hub |
Investor wants Yahoo CFO or media boss as temp CEO |
SingTel sees more deals to boost digital content |
Activision stems Warcraft bleeding, eyes holiday |
Huawei sees consumer devices sales up a third this year |
Jury begins deliberations in Jennifer Hudson family killings |
Iggy Pop mellows but not getting in a box yet |
Celebrity hair stylist Vidal Sassoon dead at 84 |
TV networks aim to laugh to the bank at upfronts |
An Olympic love story that sparked a fashion empire |
New record for Lichtenstein at Sotheby's postwar auction |
Russia foils alleged plot on Sochi Olympics |
Euro austerity row haunts Merkel in state vote |
British PM's judgment on line over ex-editor's access |
Smoke bombs shut down Montreal subway |
Chavez rival struggles to close gap in Venezuela race |
Mexican volcano forces closure of Puebla airport |
France's Hollande to fight firms that fire workers |
Sony sees return to profit, aims to halve TV losses |
Cloud startup Box edges toward 2013 IPO |
Nokia loses UK court appeal, sees no sales impact |
Deutsche Telekom U.S. customer exodus slows |
EMC buys flash storage products maker |
Second masseur accuses John Travolta of sexual battery |
Composer George Benjamin: Don't label me, I'm British |
Sissy Spacek on a fulfilling career |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01