Tag Archives: sne

Sony posts huge mobile phone loss, cancels dividend

Sony CEO Kazuo Hirai continues to play limbo with financial analysts. On Wednesday, he lowered the company’s earnings outlook for the sixth time since becoming chief executive in April 2012. Sony (SNE) said that it will take an impairment charge of 180 billion yen ($1.68 billion) for its mobile phone business in the September quarter, as that unit continues to struggle against Apple (AAPL), Samsung and others. The Japanese consumer electronics maker now expects to lose 230 billion yen ($2.15 billion) for the year ending March 31, compared with a prior forecast for a loss of 50 billion yen ($467 million). Sony also will forego paying a dividend for the first time since it went public in 1958, Reuters reported. Hirai pledged to return Sony to profitability in the next fiscal year. Sony also announced plans to cut about 1,000 of the 7,100 workers in its mobile phone unit this…

Video: EA’s ‘Madden NFL 15’ sacks competition in August

Video game sales at U.S. retail rose for the seventh straight month on a year-over-year basis in August, led by new consoles and the pro football game “Madden NFL 15” from Electronic Arts (EA). Retail tracker NPD Group reported late Thursday that sales of new video game hardware, software and accessories at U.S. retail stores rose 8% in August, vs. August 2013, to $561 million. Sales of new video game products at brick-and-mortar stores represent half of total consumer spending on video games, NPD says. The other half is generated by used game sales and rentals and digital-format sales, downloads and subscriptions. Retail sales were fueled by spending on new game consoles, including Microsoft’s (MSFT) Xbox One, Nintendo’s (NTDOY) Wii U and Sony’s (SNE) PlayStation 4, NPD analyst Liam Callahan said. Game hardware sales rose 116% year over year in August to $196 million. Accessories sales dipped 2% to…

EA’s ‘Madden NFL 15’ sacks competition in August

Video game sales at U.S. retail rose for the seventh straight month on a year-over-year basis in August, led by new consoles and the pro football game “Madden NFL 15” from Electronic Arts (EA). Retail tracker NPD Group reported late Thursday that sales of new video game hardware, software and accessories at U.S. retail stores rose 8% in August, vs. August 2013, to $561 million. Sales of new video game products at brick-and-mortar stores represent half of total consumer spending on video games, NPD says. The other half is generated by used game sales and rentals and digital-format sales, downloads and subscriptions. Retail sales were fueled by spending on new game consoles, including Microsoft’s (MSFT) Xbox One, Nintendo’s (NTDOY) Wii U and Sony’s (SNE) PlayStation 4, NPD analyst Liam Callahan said. Game hardware sales rose 116% year over year in August to $196 million. Accessories sales dipped 2% to…