Third Point wants Sony to explore options for some of its business units, including its movie studio, which the fund believes has attracted takeover interest, according to sources familiar with the matter. To read Sony's annual reports submitted to the U.S. SEC (20-F), please click here. The bleak outlook comes after two years of record profits and underlines concerns a turnaround is losing steam at Sony - which bet on entertainment and gaming for steady revenues after battling years of losses with consumer electronics, such as TV sets, that are more susceptible to price competition. PS4 sales are forecast to drop 10 percent to 16 million units.
)+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Sony Corp (SNE) SEC Filing 20-F Annual report for the fiscal year ending Tuesday, March 31, 2020 Sony remains bullish about demand for large-size image sensors and multiple-lens camera systems for smartphones, and said it may spend 100 billion yen more to build a new facility. Sony Corp Ord is estimated to report earnings on 04/24/2020. Sony is going into overdrive for what is speculatively its shortest console cycle with the PlayStation 5 - and AMD just confirmed its support. Quick Links The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. REUTERS/Kim Kyung-Hoon Back in 2018 Sony made it clear that its games department would be slowing down as it prepared for the next generation PlayStation. Sony Corp's Quarterly Income Statement, SNE as of Mar 31 2020 - CSIMarket
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Today, Sony announced its quarterly revenue report for the first quarter of 2020, the end of its fiscal year. That is really, really bad. In fact, Sony started with a low estimate of 700,000 units shipped for the quarter — but it couldn’t even meet that.Obviously, part of the blame for these low Sony smartphone numbers can be placed on the COVID-19 pandemic, which no doubt affected both supply and demand for the company’s phones. Sony’s image sensors, central to its revival, are used by Apple and other major smartphone makers. A Jefferies analyst, Atul Goyal, however, said in a note last week that the “recent reports of activist investors’ interest and stake acquisition is likely to put significant, desirable and sustained pressure on Sony to act”. Once again, the pandemic is the likely excuse for this, but it’s far more likely that it doesn’t want to continue to set low bars for itself and then not even meet them.Get the very best of Android Authority in your inbox. Takes Action on COVID-19 Impact. Market Events The semiconductor business, which includes image sensors, is expected to report a profit of 145 billion yen, up a billion yen from a year earlier.