Sony Sold 12.5% Fewer TVs in Q2 Than Year Earlier, Keeps Forecast Unchanged
Sony sold 2.8 million TVs globally in Q2 ended Sept. 30, an 8 percent increase sequentially from Q1, but a 12.5 percent decrease from Q2 a year earlier, said the company Tuesday. Sony left unchanged its July forecast in which…
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it said it expects to sell 11.5 million TVs in the fiscal year ending March 31, which would be a 7 percent decline from a year earlier. Monetary sales in Sony’s core Home Entertainment & Sound segment fell 9 percent in the quarter to 274.9 billion yen ($2.4 billion), as Sony sacrificed TV unit-sales gains for “profitability,” said the company. Operating income in the sector remained flat at 24.5 billion yen ($217.2 million), “as profitability improvements resulting from a shift to high value-added models were offset by the impact of foreign exchange rates and lower sales,” it said.