Open Menu

Sony Warns Over Falling Smartphone Sales, Strong Yen

Mohammad Ali (@ChaudhryMAli88) Published July 29, 2016 | 12:43 PM

Sony warns over falling smartphone sales, strong yen

TOKYO, (UrduPoint / Pakistan Point News - 29th july,2016) - Sony on Friday cut its sales forecast for the current fiscal year, citing the impact of a surging Yen and slower smartphone sales, as net profits also took a hit. Revenue in the year to March 2017 will be down 5.

1 percent from its previous forecast to 7.4 trillion yen ($71 billion), the firm said, adding that net profits in its latest quarter dived 74 percent due to a one-time gain a year earlier and the impact of deadly quakes in Japan that temporarily shuttered regional factories.

Prize Bonds Results

Prize Bonds
PSX 100 Index Live

PSX 100 Index
Currency Rates in Pakistan

Currency Rates
Gold Prices in Pakistan

Gold Prices
Petrol Prices in Pakistan

Petrol Prices
Cryptocurrency in PKR

Crypto

Related Topics

Pakistan Tokyo Japan March July 2017 2016 From Billion

Recent Stories

MoU signed for upgrading of Gadani shipbreaking ya ..

MoU signed for upgrading of Gadani shipbreaking yard

29 seconds ago
 Awais Leghair annoys over NTDC’s unsatisfactory ..

Awais Leghair annoys over NTDC’s unsatisfactory progress on development projec ..

4 minutes ago
 Member of the National Assembly (MNA), Riaz Fatyan ..

Member of the National Assembly (MNA), Riaz Fatyana launches OSL; called it help ..

4 minutes ago
 Dr Zaheer Zaid, Palestine's Ambassador to Pakistan ..

Dr Zaheer Zaid, Palestine's Ambassador to Pakistan calls for Muslim unity

4 minutes ago
 Chairperson BISP visits Payment Camp in Peshawar, ..

Chairperson BISP visits Payment Camp in Peshawar, urges respectful treatment, z ..

1 minute ago
 Rizwan reveals bold strategy behind skipping wicke ..

Rizwan reveals bold strategy behind skipping wicket keeping

1 minute ago
Science Minister visits PCSIR Labs Complex Karachi

Science Minister visits PCSIR Labs Complex Karachi

8 minutes ago
 National Polio immunization campaign continues

National Polio immunization campaign continues

8 minutes ago
 Opposition criticize government for delaying compl ..

Opposition criticize government for delaying completion of Warsak-Nasir Bagh Rin ..

8 minutes ago
 Speaker National Assembly Sardar Ayaz Sadiq meets ..

Speaker National Assembly Sardar Ayaz Sadiq meets with Governor of Madinah

8 minutes ago
 Pakistan shines on global stage: Sahibzad Khan ele ..

Pakistan shines on global stage: Sahibzad Khan elected WMO Vice President for As ..

8 minutes ago
 Child killed, seven injured in traffic collision i ..

Child killed, seven injured in traffic collision in Gulshan-e-Hadeed

3 minutes ago

More Stories From Business