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Stock Market & Financial Investment News

News Breaks
May 1, 2014
05:52 EDTSNESony lowers FY14 operating income outlook to 26B yen from 80B yen
Sony keeps its FY14 sales outlook at 7.7T yen. Sony expects to record approximately 30B yen in additional expenses in FY14 related to exiting the PC business. Since Sony’s announcement on February 6 that it will exit the PC business, PC sales for FY14 and expected PC sales for FY15 are underperforming the February expectation, the company said. Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony’s spring PC lineup. In addition, certain restructuring charges are expected to be recorded ahead of schedule. It added, "However, there has been no significant change to the expected total charges relating to Sony’s withdrawing from the PC business as the increase in the costs recorded in the fiscal year ended March 31, 2014 will be offset by lower costs in the fiscal year ending March 31, 2015. This decrease is because promotional costs that were expected to be incurred for Sony’s spring PC lineup in the fiscal year ending March 31, 2015 are no longer expected to be incurred, and because the above-mentioned restructuring charges that were expected to be recorded in the fiscal year ending March 31, 2015 are now expected to be incurred in the fiscal year ended March 31, 2014." It also expects to record approximately 25B yen in impairment charges mainly related to its overseas disc manufacturing business.
News For SNE From The Last 14 Days
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July 2, 2015
14:14 EDTSNEFitbit shares tack on gains as analyst confidence grows
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06:44 EDTSNEFacebook holds talks with major labels to 'get into music', The Verge reports
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July 1, 2015
06:41 EDTSNESony launches crowdfunding campaign for advanced remote control, WSJ says
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June 30, 2015
06:03 EDTSNESony to raise nearly $4B via new shares, bonds
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05:58 EDTSNESony Mobile and Huawei look to expand mobile device sales, DigiTimes reports
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June 29, 2015
06:05 EDTSNENotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 26, 2015
09:18 EDTSNESirius XM discloses settlement agreement with various record companies
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05:51 EDTSNEFoxconn expects to be largest handset, tablet ODM/OEM in 2015, DigiTimes says
Foxconn Chairman Terry Guo said the company is set to be the largest OEM/ODM for handsets, tablets and desktops in 2015, reports DigiTimes. Guo added that Foxconn will establish component supply chains to increase its advantage over competitors. Reference Link
June 24, 2015
10:36 EDTSNEElectronic Arts advances after analysts positive on E3 showing
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June 23, 2015
06:05 EDTSNENo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
09:51 EDTSNESony to launch 1-terabyte PlayStation 4 in July
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