This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.independent.co.uk/news/business/news/sony-shrugs-off-hack-attack-as-it-trims-fullyear-loss-forecast-to-14bn-10022493.html
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Sony shrugs off hack attack as it trims full-year loss forecast to $1.4bn | Sony shrugs off hack attack as it trims full-year loss forecast to $1.4bn |
(about 4 hours later) | |
Sony Corp. trimmed its forecast of losses on Wednesday and said it doesn't expect the hack at Sony Pictures to hurt its finances overall. | Sony Corp. trimmed its forecast of losses on Wednesday and said it doesn't expect the hack at Sony Pictures to hurt its finances overall. |
The entertainment and electronics giant delayed the announcement of its earnings for the October-December quarter, citing internal difficulties arising from the hack at Sony Pictures Entertainment. | The entertainment and electronics giant delayed the announcement of its earnings for the October-December quarter, citing internal difficulties arising from the hack at Sony Pictures Entertainment. |
But it issued new earnings forecasts for the fiscal year ending in March and said it was benefiting from strong sales of gaming consoles, other devices and network services. | But it issued new earnings forecasts for the fiscal year ending in March and said it was benefiting from strong sales of gaming consoles, other devices and network services. |
The company is forecasting a loss of 170 billion yen ($1.4 billion) for the fiscal year, an improvement from its earlier forecast of a 230 billion yen loss. | |
The company reported a 40 billion yen loss last fiscal year. | The company reported a 40 billion yen loss last fiscal year. |
It said stronger than expected sales of the PlayStation 4, higher network services revenue, robust sales of devices and a slight improvement in its financial services business will help counter a decline in its mobile business. | It said stronger than expected sales of the PlayStation 4, higher network services revenue, robust sales of devices and a slight improvement in its financial services business will help counter a decline in its mobile business. |
Both Sony's music and movies businesses benefited from a weakening in the Japanese yen, which improves profit earned in dollars when it is brought back to Japan. | Both Sony's music and movies businesses benefited from a weakening in the Japanese yen, which improves profit earned in dollars when it is brought back to Japan. |
AP | AP |
Previous version
1
Next version