Latest news with #SonyCorporation
GSM Arena
4 days ago
- Business
- GSM Arena
Sony is reportedly turning to third-party manufacturers for its high-end phones
Sony's using third-party manufacturers to produce its phones isn't unheard of. The Japanese OEM has been doing so with its mid-rangers for a while, but according to the latest report, Sony will likely outsource its high-end smartphone manufacturing as well. According to a Japanese news outlet, this isn't temporary and is likely a long-term strategy. In fact, you can no longer find "smartphones" on the list of devices at Sony's own production sites in Thailand. Historically, three manufacturing sites were involved in Sony's smartphone production - two in Thailand and one in China. None of them lists "smartphones" anymore. Sony Xperia 1 VII 5G The report also suggests that the recently released Xperia 1 VII is the first phone to be assembled by a third party maker. For what it's worth we didn't notice any changes in the build quality when reviewing it. Source (in Japanese)
Mid East Info
23-05-2025
- Mid East Info
Sony Launches GP-VPT3 / RMT-VP2 - Middle East Business News and Information - mid-east.info
The Three-in-One Wireless Shooting Grip serves as a grip, a tripod, and a detachable remote commander, enhancing usability and convenience for greater freedom in capturing videos and still images (Dubai, UAE, 21 May 2025) – Sony introduces the Wireless Shooting Grip / Tripod 'GP-VPT3' and Remote Commander 'RMT-VP2' featuring Bluetooth® wireless technology compatible with Alpha™ Series and Vlog Camera Seriesi. The 'GP-VPT3' supports stable handheld shooting with a grip design optimised for ease of use and flexible shooting angles, accommodating cameras weighing up to 1.5 kgii. The grip can be used as a tripod and the remote commander can be detached and used as a remote control. The ergonomically designed grip allows handheld shooting while performing key camera operations, such as zoom and focus, with one hand, regardless of dominant hand, for both still images and videos. The head mechanism allows for one-touch switching between self-portrait and outward shooting, and the tilt mechanism enables free angle adjustment. The detachable remote commander is equipped with a MOVIE button, Zoom/Focus button, and C1 (Custom) button, allowing one-handed operation. This allows shutter operation from a distance so the photographer can be included in group photos and reduces camera shake in low-light conditions. The remote commander connects to Sony cameras and Xperia™ smartphones with a wireless communication range of approximately 10 miii. The grip and remote commander connect to the main unit without cables or receivers, maintaining dust and moisture proof performance during camera connectioniv. The GP-VPT3 is available in black and white optionsv. The remote commander RMT-VP2 is also available for purchase separately. Availability: The GP-VPT3 will be available in selected countries in Middle East from June 2025 and the RMT-VP2 will be available in selected countries in Middle East from June 2025. A product video on the new GP-VPT3 and RMT-VP2 can be viewed here: For detailed product information about: GP-VPT3 please visit: RMT-VP2 please visit: ### About Sony Middle East and Africa Sony Middle East and Africa FZE is a 100% subsidiary of Sony Corporation and is the regional headquarters for the Middle East and Africa regions. The company is engaged in the business of Sony Consumer Electronics, Mobile Electronics (Car Audio), broadcasting and professional products and Computer Entertainment (PlayStation) products in more than 40 countries in the region. About Sony Corporation Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to 'create the future of entertainment through the power of technology together with creators,' we aim to continue to deliver Kando* to people around the world. For more information, visit: *Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time. For media enquiries, please contact: Aishwarya Anand Ruder Finn Atteline Darshini Makadia Ruder Finn Atteline Email: sony@ Ria Tharakan Sony Middle East and Africa Email:
Time of India
15-05-2025
- Entertainment
- Time of India
Sony's profits rises on robust performance for music, movies and games
HighlightsSony Corporation reported an 18 per cent increase in annual profit for the fiscal year ending March, totaling 1.14 trillion yen (USD 7.8 billion), driven by strong performances in its music and video-game divisions. The film division of Sony Corporation saw success with box office hits such as 'Venom: The Last Dance' and 'Bad Boys: Ride or Die', contributing positively to overall revenue. Despite a successful fiscal year, Sony Corporation forecasts a nearly 13% decline in profit for the upcoming fiscal year through March 2026, predicting a total profit of 930 billion yen (USD 6.3 billion). Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations. Tokyo-based Sony Corp. said Wednesday that its annual profit totaled 1.14 trillion yen (USD 7.8 billion), up from 970.6 billion yen in the previous fiscal year. Annual sales were virtually unchanged, inching down to 12.957 trillion yen (USD 88 billion) from 13.020 trillion yen. One area that lagged among Sony's sprawling businesses was the financial segment, where revenue stalled. But its film division and its imaging and sensor solutions segment did well. Among the movies that fared positively at the box office for the fiscal year through March were "Venom: The Last Dance," featuring the Marvel Comics superhero, and "Bad Boys: Ride or Die," an action comedy, in which Will Smith and Martin Lawrence come back in their popular cop roles, the fourth installment in the series. Sony, which makes the PlayStation console and game software played on that machine, also marked healthy results in the gaming business. Its music operations, which also held up, include recordings, streaming services and music for games. The top-selling recorded music projects for the latest fiscal year globally was SZA's "SOS Deluxe: LANA," followed by Beyonce, Future & Metro Boomin and Travis Scott. For the Japan music business, the top-seller was Kenshi Yonezu's "Lost Corner" album, followed by offerings from Stray Kids and Six Tones. For the January-March quarter, Sony posted a 197.7 billion yen (USD 1.3 billion) profit, up 5 per cent from 189 billion yen the same quarter in the previous fiscal year. Sales were 2.6 trillion yen (USD 17.7 billion), down 24 per cent from 3.48 trillion yen. Sony is forecasting a nearly 13 per cent drop in profit for the fiscal year through March 2026, to 930 billion yen (USD 6.3 billion), on 11.7 trillion yen (USD 80 billion) sales, down 2.9 per cent on-year. Sony officials are set to brief reporters on the latest company strategy for growth later in the day. Sony stocks lost 3 per cent in Tokyo morning trading.
Yahoo
14-05-2025
- Business
- Yahoo
SONY's Q4 Earnings Increase Y/Y & Revenues Fall, Costs Down
Sony Group Corporation SONY reported fourth-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥32.63 (21 cents), up from ¥30.72 in the year-ago quarter. The Zacks Consensus Estimate was pegged at 12 cents. Adjusted net income came in at ¥197.7 billion compared with ¥189 billion in the prior-year quarter. Quarterly total revenues plummeted 24% year over year to ¥2,630.2 billion ($17 billion). This downside resulted from soft sales in the Game & Network Services (G&NS), Entertainment, Technology & Services (ET&S) and Financial Services segments amid steady growth across the Music, Pictures and Imaging & Sensing Solutions (I&SS) segments. The Zacks Consensus Estimate was pegged at $20 billion. (See the Zacks Earnings Calendar to stay ahead of market-making news.)In the past year, the stock has gained 47% compared with the Audio Video Production industry's rise of 40.9%. Image Source: Zacks Investment Research In the quarter under review, G&NS sales were down 4.2% year over year to ¥1051.3 billion. Segmental sales decreased due to a fall in sales of hardware and first-party game software titles, offset by higher sales of non-first-party titles and forex tailwinds. Operating income tanked to ¥92.7 billion from ¥106 billion in the prior-year sales improved 9.5% year over year to ¥470.7 billion in the fiscal fourth quarter on the back of higher revenues from streaming services in Recorded Music and Music Publishing. The positive impact from the consolidation of ePlus Inc. within Visual Media & Platform and favorable forex movement cushioned the uptick. Operating income was ¥83.6 billion, up from ¥71.2 billion in the prior-year sales grew 1.9% year over year to ¥414.6 billion. The upside was driven by synergy stemming from the acquisition of Alamo Drafthouse Cinema and higher revenues for Crunchyroll due to paid subscribers strength. Operating income was ¥53.5 billion compared with ¥30.7 billion a year ago.I&SS sales rose 2.6% year over year to ¥409 billion, owing to an increase in sales of image sensors for mobile products and forex strength. Operating income was ¥34.5 billion compared with ¥34.7 billion in the year-ago quarter, owing to favorable forex impact. Sony Corporation price-consensus-eps-surprise-chart | Sony Corporation Quote ET&S sales totaled ¥484.1 billion, down 9% year over year due to a decline in television sales driven by lower unit sales amid forex tailwinds. During the quarter, the interchangeable lens camera market grew about 9% year over year in units. Operating loss was ¥20.4 billion compared with a loss of ¥6.4 billion in the year-ago quarter. Financial Services losses were ¥172.4 billion against revenues of ¥672.9 billion a year ago. This downtick was caused by a considerable revenue decrease at Sony Life. Also, there was a deterioration in net gains and losses on investments related to market fluctuations for both the general account and the separate accounts. Operating loss totaled ¥11.6 billion against income of ¥26.1 billion in the year-ago quarter. All Other sales were up 17.5% to ¥25.6 billion in the fiscal fourth quarter. Operating loss was ¥9.8 billion compared with ¥5.5 billion in the year-ago quarter. For the quarter under review, total costs and expenses were ¥2,423.9 billion, down 25.5% year over year. Operating income was ¥203.6 billion, falling 11.2% year over year. In the 12 months ended on March 31, 2025, Sony generated ¥2,321.7 billion of cash from operating activities compared with ¥1,373.2 billion in the prior-year of March 31, 2025, the company had ¥2,981 billion in cash and cash equivalents with ¥2,354 billion of long-term debt. Sony has provided its outlook for the fiscal year ending March 31, 2026. It expects sales of ¥11,700 billion, down 3% year over year, plagued by a slowdown in the GN&S and ET&S segments amid growth in the I&SS remains wary of the ongoing macroeconomic and geopolitical turbulence stemming from tariff volatility. Taking into consideration the potential impact of the tariff, Sony estimates its operating income of ¥1,280 billion, down from ¥1,380 billion without the tariff income is estimated to be ¥930 billion, down 13% year over year. Sony currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Badger Meter, Inc. BMI reported EPS of $1.30 for first-quarter 2025, which beat the Zacks Consensus Estimate by 20.4%. Also, the bottom line compared favorably with the year-ago quarter's EPS of 99 the past year, shares of BMI have gained 17%.Cadence Design Systems CDNS reported first-quarter 2025 non-GAAP EPS of $1.57, which beat the Zacks Consensus Estimate by 5.4%. The bottom line increased 34.2% year over year, exceeding management's guided range of $1.46-$ of Cadence have gained 7.7% in the past Inc. WWD reported second-quarter fiscal 2025 adjusted net earnings per share (EPS) of $1.69, which increased 4.3% year over year. The figure beat the Zacks Consensus Estimate by 17.4%.In the past six months, shares of WWD have gained 9.9%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Badger Meter, Inc. (BMI) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report Sony Corporation (SONY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
14-05-2025
- Business
- Time of India
Sony logs 18% annual net profit jump, forecast cautious
HighlightsSony Corporation reported an 18 percent increase in annual net profit, reaching 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year. Despite the strong performance in the previous financial year, Sony Corporation anticipates a 13 percent decrease in net profit for the upcoming financial year, projecting a fall to 930 billion yen. The cautious forecast was issued by Sony Corporation for the financial year that began in April 2025. Japanese entertainment and electronics giant Sony on Wednesday reported an 18 percent jump in annual net profit but issued a cautious forecast for the financial year that began in April. Sony logged a net profit of 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year, but said it expects that to fall 13 percent to 930 billion yen in 2025-26. Sony reported an 18 percent increase in annual net profit on Wednesday, reaching 1.14 trillion yen ($7.7 billion) for the 2024-25 financial year, but anticipates a 13 percent decrease to 930 billion yen for the upcoming financial year. The Japanese entertainment and electronics giant issued a cautious forecast for the financial year that began in April. Sony's net profit for the 2024-25 financial year reached 1.14 trillion yen ($7.7 billion). However, the company expects a 13 percent fall in net profit for the 2025-26 financial year. The forecast anticipates a decrease to 930 billion yen.
