Friday, 22 February, 2019


PS4 Expected To Have Outsold Lifetime Sales Of PS3 Within Months

The logo of Japan’s Sony Corp is displayed in front of the company’s headquarters in Tokyo yesterday. – AFP The logo of Japan’s Sony Corp is displayed in front of the company’s headquarters in Tokyo yesterday. – AFP
Melba Vasquez | 03 August, 2018, 18:48

For the April-June quarter, it reported a net profit of 226.4 billion yen, up from 80.9 billion yen a year earlier.

"Our fundamental challenge is that competitiveness of our products may not be able to meet top-class levels", said Sony CFO Hiroki Totoki, referring to its smartphone lineup. The company generated an operating profit of ¥195 billion (~$1.7 billion), which was much higher than the projections of ¥145.5 billion (~$1.3 billion).

The figures are Sony's first quarterly results under new CEO Kenichiro Yoshida, who replaced Kazuo Hirai in April.

Sales of PlayStation 4 products were "better than expected" as a result of popular gaming titles, Yasuo Imanaka, an analyst at Rakuten Securities, said before the results were announced. The net profit forecast increases to JPY 500 billion from JPY 491 billion a year ago and JPY 480 billion in the earlier outlook.

Additionally, as music streaming continued to grow with Spotify announcing that its monthly active user base had expanded to 180 million, which topped all market estimates.

To keep the console even further afloat in 2018, it has highly anticipated games coming out that should boost Sony's gaming arm even more. The camera segment of the company also flushed in cash and made $234 million in profit.

Under that strategy, the gaming business saw profit increase to 83.5 billion yen in the three months ended June from 17.7 billion yen a year earlier, as high-margin online software and new first-party titles such as "God of War" and "Detroit: Become Human" compensated for slowing sales of PlayStation 4 consoles. In fact, the company has sold just 2 million handsets in this quarter compared to the 3.4 million units it shipped past year in the same quarter. The company also had a few surprises to share in the quarter at the Electronic Entertainment Expo (E3). That being said, Sony seems to be optimistic about the next year.

For the fiscal year ending March 31, 2019, the company now expects Sales and operating revenues to be 8.60 trillion yen, compared to the prior outlook of 8.30 trillion yen.

Recommended

loading...
...

SWAP DEAL: Anthony Martial offered in exchange for Bayern Munich star SWAP DEAL: Anthony Martial offered in exchange for Bayern Munich star Manchester United striker Romelu Lukaku defends manager Jose Mourinho's "winning mentality" after the club's turbulent pre-season. A source told the tabloid newspaper: "Bayern are still keen and United have been after Lewandowski for a long time and want him".

India effectively strips four million of citizenship in Assam India effectively strips four million of citizenship in Assam No action should be taken against anybody on the basis of the draft. "The government is stigmatizing a group of people". Also Bangladesh has not agreed to claims that these people are irregular migrants, making their deportation unlikely.

Apple becomes world's first trillion-dollar company Apple becomes world's first trillion-dollar company Stock buybacks reduce the number of shares a company has on the open market, driving up the price of the remaining shares. The stock has risen about 9% since Tuesday when it reported better than expected results for the three months to June.

Andy Murray: I'm Feeling Better All The Time Andy Murray: I'm Feeling Better All The Time Murray squandered five match points while serving at 5-4 in the third set and another at 6-5 before closing out the win. But Murray drew things level, taking a crucial game nine in the second for a 5-4 lead and serving out the set.

Kohli rates his Edgbaston century second to Adelaide Kohli rates his Edgbaston century second to Adelaide Just as the partnership was starting to look ominous, left-arm swing bowler Sam Curran dismissed Pandya with a brilliant yorker. While all the focus was on the James Anderson-Virat Kohli's showdown, this moment could be the second-best moment of the day.

RBI hikes repo rate by 25 basis points RBI hikes repo rate by 25 basis points However, the policy committee signaled that it was in no hurry to raise them further with an uncertain Brexit on the horizon. The BoE predicted that inflation would be 0.1 percentage points higher this year and next at 2.5% and 2.2% respectively.

National Archives to review all Kavanaugh records by October, potentially delaying confirmation National Archives to review all Kavanaugh records by October, potentially delaying confirmation Grassley called it probably the "deepest dive" ever conducted on a Supreme Court nominee. "Here's the reality. Grassley did not request any additional documents pertaining to Kavanaugh's time as Bush's staff secretary.

Giuliani says he's not sure collusion is a crime Giuliani says he's not sure collusion is a crime Giuliani's argument is even more peculiar in that the legality of collusion wouldn't necessarily mean no other crimes were committed in the process.

Ohio State football coach Urban Meyer on administrative leave Ohio State football coach Urban Meyer on administrative leave Of course, whether Shelley Meyer really did tell her husband about Zach Smith is the subject of Ohio State's investigation. Football practice starts on Friday, with offensive coordinator Ryan Day serving as the interim coach.

John Kelly plans to stay as Trump's chief of staff through 2020 John Kelly plans to stay as Trump's chief of staff through 2020 At the president's request and Kelly's acceptance, Kelly would not be leaving this summer as some initially speculated. The Washington Post reports that both men were in the room and "listened quietly" when Kelly made his announcement.

This Weekend's Tax Holiday is for More Than School Supplies This Weekend's Tax Holiday is for More Than School Supplies For exact details on what items will be covered by the exemption please use the links provided on this page. State officials estimate the sales tax holiday will reduce state revenue by up to $16.9 million in 2020.

Honor Play Comes With GPU Turbo: Here's More to Know Honor Play Comes With GPU Turbo: Here's More to Know As far as software is concerned, the phone runs Android 8.1 Oreo-based EMUI 8.2 with the company's GPU Turbo technology on board. The phone's display sports curved corners, while all the physical keys can be found on the Honor Note 10's right-hand side.

Citizenship List In Indian State Stokes Fears Of Deportation Citizenship List In Indian State Stokes Fears Of Deportation Migrants have since been accused of illegally entering the state and taking land and jobs, causing tensions with locals. Hundreds of thousands fled to India from Bangladesh during its 1971 war of independence from Pakistan.

Sarri not happy with Willian's delayed Chelsea return Sarri not happy with Willian's delayed Chelsea return When asked about whether or not he is frustrated by the issue, he said: "I want to speak to him before I answer these questions". But Sarri says no decisions have been made and he is looking forward to meeting the trio for the first time on Saturday.

Zimbabwe protests turn deadly as demonstrators allege electoral fraud in presidential vote Zimbabwe protests turn deadly as demonstrators allege electoral fraud in presidential vote The commission postponed announcing results of Monday's tightly fought presidential race, pitting Mr Mnangagwa against Mr Chamisa. Basically Zanu PF has won the two-thirds majority and thus has the power to change the constitution if need arises.