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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 Sonys 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 Sonys 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 Sonys 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 Sonys 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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March 30, 2015
07:53 EDTSNEAlibaba signs digital music distribution deal for China with BMG, WSJ reports
Alibaba (BABA) will become an exclusive online distributor of BMGs music and artists in China under a new digital music distribution deal, The Wall Street Journal reports. The partnership with BMG follows similar deals in China last year between Tencent (TCEHY) and music companies like Sony's (SNE) Sony Music Entertainment and Warner Music Group. Reference Link
March 26, 2015
06:32 EDTSNEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
05:52 EDTSNEFoxconn to set up India production lines to respond to Sony demand, DigiTimes says
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March 23, 2015
06:00 EDTSNESony to reduce TV, smartphone orders to Taiwan partners, DigiTimes reports
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March 20, 2015
06:36 EDTSNEWeb TV companies ask internet providers for special treatment, WSJ says
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06:06 EDTSNESony Mobile expected to reach revised smartphone shipment target, DigiTimes says
Sony Mobile said its Q4 smartphone shipments increased 20.2% sequentially to 11.9M units, reports DigiTimes. According to Taiwan-based hanset component suppliers, Sony Mobile is expected ship over 8M smartphones in the first calendar quarter of 2015, allowing the vendor to reach its revised target of 39.2M units for FY14. Reference Link
March 18, 2015
12:09 EDTSNESony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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March 17, 2015
11:23 EDTSNEApple willing to share TV data to attract programming partners, NY Post reports
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09:03 EDTSNEElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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05:55 EDTSNEVAIO expected to become strong competitor to Sony smartphones, DigiTimes says
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