Sony has some impressive smartphones, the company just announced their new Sony Xperia Z3 and Z3 Compact devices, although the company is not selling as many devices as it had previously predicted.
The company has now released a revised earnings forecast for its next financial quarter, you can see some details below on Sony’s revised financial details.
As a result of revising the Mobile Communications (“MC”) segment’s Mid-Range Plan (“MRP”), as discussed below, Sony Corporation will record an impairment charge of approximately 180 billion yen, the entire amount of goodwill in the MC segment, in the second quarter of the current fiscal year. As a result, Sony Corporation has revised its consolidated results forecast for the fiscal year ending March 31, 2015 (April 1, 2014 to March 31, 2015)
The company had previously been trying to boost sales of their Xperia smartphones, their plan is now to try and cut costs, reduce risk, volatility and ‘more stable profits’.
It will be interesting to see if Sony can turn their mobile business around, the do have some great products on offer, whether this will lead to increased sales, and also some profits, remains to be seen.
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