 |
User: Login |
Weblog covering digital business
Digital Business, Live From New York |
| Address URL | http://www.alleyinsider.com/ Registered: 22-Mar-2008 |
| Ads: | |
 Send to email | Sony Expects Cellphone Business To Continue Sucking, Slashes Guidance in PDFSNE |  By Silicon
el 29-Jul-2008 |
sony-ericsson-phone.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 A big reason Sony (SNE) missed its Q1 earnings today: Sony Ericsson, its mobile phone joint venture, which has been hit hard this year.
In its lengthy earnings document (PDF), Sony says it doesn't expect the mobile phone business to get much better this year, and slashed its full-year joint venture guidance by 86%.
Specifically, in its fiscal year ending next March, Sony expects "equity in net income of affiliate companies" to come in around 10 billion ($92 million) -- down from the 70 billion ($647 million) it projected in May -- "as the operating results for Sony Ericsson are expected to be significantly lower."
Last week, Sony Ericsson announced that it essentially broke even during Q2 -- it earned $9.5 million on $4.47 billion of revenue -- due to slowing growth in mid- to high-end phones, particularly in Europe, and "increased competition." Sony Ericsson has about 8% market share, the company estimates. It's also in the process of cutting 2,000 jobs in the next year.
See Also:
Exactly Why Does Sony Want More Of The Music Business, Again?
Sony Misses Q1 Earnings, Cuts Guidance: Problems With Phone Unit And The "Business Environment"
Read 3 times
|
|
 |
 | Joystiq |  Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Pachter expects strong Activision Q4 financial results |  Filed under: Business
In advance of this Thursday's release of Activision's Q4 financial results, Wedbush Morgan analyst extraordinaire Michael Pachter expects Activision's sales were up 88% this quarter over last ye [..] Read complete article | | Published 06-May-2008 by Alexander Sliwinski in activisionactivision-blizzardactivision-vivendiactivisionblizzardpachter
Read 9 times. More hits in   |
|
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| The Ant Commandos announce new music gear |  Filed under: Sony PlayStation 2, Sony PlayStation 3, Peripherals
As games like Rock Band and Guitar Hero continue to gobble up market and mind share, it's a safe bet you're going to continue to see more manufac [..] Read complete article | | Published 15-Apr-2008 by Justin McElroy in guitar-herorock-bandthe-ant-commandos
Read 5 times. More hits in |
|
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
|
Warning We are not responsible of information posted from external feeds. Use this website at your own risk.
Notice: We will not be liable for any direct or indirect loss or damage arising under this disclaimer or in connection with our website, whether arising in tort, contract, or otherwise.
|
|
| |
Hello, Guest
Online: 58 visitors
+ fotos
While Motorola (MOT) searches for a CEO to run its troubled, to-be-spun off cellphone business, it's already making some changes. One key difference: Hardware and software teams work [..] 
Best Buy (BBY) beat Wall Street's expectations for Q1. But shares dropped 4.8% today. Why?
Perhaps because Best Buy maintained -- but didn't raise -- its full-year guidance, d [..] 
A good Q1 from Salesforce.com: Mark Benioff and company beat the Street on sales and earnings and raised full-year guidance. But that new guidance -- and its forecast for Q2 -- is pret [..] 
