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Sony forecasts growth in gaming, components
2014-11-25 10:07:00| Telecompaper Headlines
(Telecompaper) Sony hopes to finish restructuring of its mobile business in the fiscal year ending in March 2016, making it profitable from the next fiscal year, the company said. "Our urgent task is to make the business profitable even if sales drops by 20-30 percent," said Hiroki Totoki, head of the mobile business, at a meeting with investors reported by the Wall Street Journal. Sony believes the smartphone industry is already matured, so it plans to focus on marketing on existing customers, instead of new ones, Totoki said. While the company did not provide any new forecasts for the mobile business beyond the current financial year, when it's expected to remain in the red, it did give updated forecasts for other divisions. The company forecast growth in the gaming and components division, a stable camera business and improved profitability at its home entertainment business making TVs. Sony said it would give a new three-year forecast for the mobile business by the end of the current financial year.
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Category:Telecommunications