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Sony cuts sales target for cameras, smartphones for 2014-15

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Sony cuts sales target for cameras, smartphones for 2014-15 Empty Sony cuts sales target for cameras, smartphones for 2014-15

Post by hlk Wed 22 May 2013, 15:33

Business & Markets 2013
Written by Reuters
Wednesday, 22 May 2013 14:30
A + / A - / Reset

TOKYO (May 22): Japan's Sony Corp lowered its sales target for
digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to
end-March 2015, from a previous estimate of 1.5 trillion yen.
Sony also cut its sales target for smartphones and tablets to 1.5 trillion
yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion yen.
Sony, which expects smartphone sales to rise by more than a quarter to
42 million in the current year to end-March, is battling with China's
Huawei Technologies and ZTE Corp and South Korea's LG Electronics
for third place in the $225 billion global
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