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News Breaks
June 9, 2014
07:25 EDTSNE, NTDOYSony tops Nintendo in game system sales for first time in 8 years, FT says
The launch of the PlayStation 4 in late 2013 has helped Sony (SNE) top Nintendo (NTDOY) in annual sales of game systems for the first time in eight years, despite both suffering dramatic slides in unit sales of consoles in the just ended fiscal year, said Financial Times. Reference Link
News For SNE;NTDOY From The Last 14 Days
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September 29, 2014
10:39 EDTSNEGoPro climbs higher after revealing new HERO4 camera line-up
Shares of mountable and wearable camera developer GoPro (GPRO) are climbing after the company announced its new HERO4 camera line-up. WHAT'S NEW: GoPro announced the camera offerings in its Hero4 lineup, including the $499 GoPro HERO4 Black, which shoots 4K video at up to 30 frames per second, 1080p HD video at 120 frames per second and 12-megapixel photos, as well as the HERO4 Silver, which offers may of the same features as the Hero4Black less some of the higher performance video capture modes including 4K30, 2.7K50 and 1080p120. The Hero4 Silver, which costs $399, includes GoPro's first built-in touch display. Finally, GoPro announced the HERO "entry-level" camera, which costs $129 and shoots 1080p HD video at 30 frames per second and 720p HD video at 60 frames per second. The company announced that the new HERO4 line will be available October 5 online and at select retailers worldwide. GoPro is also debuting new mounts and accessories on October 5, which include the Smart Remote, the Handler and the new BacPac Accessories, which correlate with the HERO4 line-up. ANALYST REACTION: Citigroup analyst Jeremy David said that while the company's rivals, such as Sony (SNE), are launching new products as well, GoPro isn't likely to be impacted much by competitive pressure. David foresees an upside risk to revenue and earnings per share in the third quarter. He believes that a broader array of price points for HERO devices might spark unit and/or ASP upside in Q4 and fiscal year 2015. David maintains a Neutral rating on GoPro with a $70 price target. PRICE ACTION: During mid-morning trading, GoPro rose $3.46 or 4.1%, to $85.47. Since it's IPO on June 26, GoPro's shares have increased 172.09%.
07:25 EDTSNE'Equalizer' tops domestic box office with $35M debut, WSJ reports
"The Equalizer," distributed by Sony (SNE), topped the domestic box office with a $35M weekend opening, beating out last week's winner, 21st Century Fox's (FOXA) "The Maze Runner," reported the Wall Street Journal. Reference Link
September 25, 2014
18:16 EDTSNESony's new Walkmans point towards survival versus growth, Nikkei says
The introduction of Sony's new Walkman portable music players indicate that the company is focusing on survival, rather than seeking growth, for its troubled electronics business, Nikkei reports. Reference Link
06:07 EDTSNEGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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September 23, 2014
13:55 EDTSNESamsung to stop selling laptops in Europe, PC Advisor says
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06:08 EDTSNESony Mobile cuts smartphone business personnel by 15%, DigiTimes reports
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September 22, 2014
13:49 EDTSNESony confirms October 14 launch for PlayStation TV in U.S.
Sony confirmed in a blog post that PlayStation TV will launch in the U.S. and Canada on October 14 and that "nearly 700 games" will be available at launch. PS TV will be priced starting at $99.99 for the standalone system, or $139.99 for a bundle that includes a Wireless Controller, 8GB memory card, and The LEGO Movie Videogame. Reference Link
06:44 EDTSNE'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
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September 19, 2014
10:12 EDTSNESony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
September 18, 2014
11:39 EDTSNESony's no-dividend policy could be sign of hope, not doom, Nikkei reports
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10:17 EDTSNESony Computer Entertainment division upbeat on 2014 profit, Reuters reports
The head of Sony's PlayStation division aims to raise its profit outlook for 2014 due to the strong sales of the latest PalyStation 4 and the rollout of games and content for its network services, reports Reuters. In an interview with Reuters, Sony Computer Entertainment CEO Andrew House said We raised our profit prediction and I hope that's a trend we can continue, even within this fiscal year." Sony has sold 10.3 million PlayStation 4 consoles as of Sept. 6. Reference Link
07:27 EDTSNESony CEO says 'running out of options' for electronics unit, WSJ reports
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07:26 EDTSNEGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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06:45 EDTSNEMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 17, 2014
09:10 EDTSNEOn The Fly: Pre-market Movers
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07:08 EDTSNESony volatility expected to move after raises its net loss forecast
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06:18 EDTSNEAU Optronics enters Sony SmartWatch 3's supply chain, DigiTimes reports
AU Optronics (AUO) has entered Sony Mobile's (SNE) supply chain for the SmartWatch 3, reports DigiTimes. AUO will supply 30% of the 1.6-inch panels for the new smartwatch. Reference Link
05:34 EDTSNESony lowers FY14 net loss estimate to 230B from 50B yen
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