sony warns over falling smartphone sales strong yen
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Sony warns over falling smartphone sales, strong yen

Arab Today, arab today

Arab Today, arab today Sony warns over falling smartphone sales, strong yen

Tokyo
Tokyo - Arab Today

 Sony on Friday cut its sales forecast for the current fiscal year, citing the impact of a surging yen and slower smartphone sales, as net profits also took a hit.

Revenue in the year to March 2017 will be down 5.1 percent from its previous forecast to 7.4 trillion yen ($71 billion), the firm said, adding that net profits in its latest quarter dived 74 percent due to a one-time gain a year earlier and the impact of deadly quakes in Japan that temporarily shuttered regional factories.

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