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Sony forecasts drop in smartphone sales this year
2015-04-30 13:18:00| Telecompaper Headlines
(Telecompaper) Sony announced new medium-term targets for its mobile phone business. It now targets revenues of JPY 1.00-1.25 trillion for the activities in the year to March 2018, compared to a forecast in February of JPY 0.90-1.10 trillion. The higher forecast is due to the inclusion of its So-net unit in the mobile division. The operating margin target was left unchanged at 3-5 percent in FY 2018. In the past year, mobile sales rose 11 percent to JPY 1.32 billion, while the operating result was a loss of JPY 220.4 billion, mainly due to a goodwill impairment of JPY 176 billion as well as the stronger US dollar. In the last quarter to March, mobile revenues were up 1.2 percent year-on-year to JPY 27.16 billion (or +5% at constant currencies), while the operating loss widened to JPY 55 billion from JPY 15 billion. Smartphone unit sales were unchanged over the full year at 39.1 million and fell to 7.9 million in the fourth quarter form 8.8 million a year ago. Sony forecast mobile sales to fall around 7 percent this year to JPY 1.31 trillion, as it scales back its mid-range phones to concentrate on more profitable models. Unit sales will drop to an estimated 30 million, while the operating loss should reduce to JPY 39 billion, thanks in part to restructuring.
Sales slump forces Pepsi to drop artificial sweetner in drink
2015-04-26 01:51:41| Beverages - Topix.net
PepsiCo Inc is dropping artificial sweetener Aspartame from Diet Pepsi in an attempt to stop and reverse the slump in sales in the United States in recent years. The company will switch to a blend of sucralose and acesulfame potassium in Diet Pepsi, Caffeine Free Diet Pepsi and Wild Cherry Diet Pepsi beginning in August.
Hyundai's 1Q earnings down as vehicle sales drop, local currency strengthens
2015-04-23 09:21:02| Automakers - Topix.net
Hyundai Motor Co. said Thursday its first-quarter profit dropped due to lower vehicle sales at home and abroad and the strong local currency.
Tags: local
sales
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SSI: Canadian Coach Sales Drop 16% For Feb.
2015-04-20 19:40:30| Mobile Homes - Topix.net
Year-over-year Canadian motorhome sales declined 16.1% in February and 13.3% for the first two months, according to the latest report from Statistical Surveys Inc. Forest River Inc. was the Canadian motorhome sales leader year-to-date, capturing a 32.3% market share, followed by Thor Industries Inc. and Winnebago Industries Inc., each capturing a 17.7% share. Jayco Inc. was No.
Winnebago's 2Q Earnings Drop; Sales up 2.5%
2015-03-26 14:07:17| Mobile Homes - Topix.net
Revenues for the second quarter were $234.5 million, an increase of 2.5%, versus $228.8 million for the fiscal 2014 period. Operating income was $11.9 million for the current quarter compared to $14.0 million in the second quarter of last year.
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