Feeds

Sony admits PSPs will not fly off shelves, says phones and PS3s will

Single-purpose devices down all round for troubled giant

Secure remote control for conventional and virtual desktops

Sony has said that it doesn't think it will be able to sell as many of its portable game devices - PSP and Vita - as it had hoped.

In August, the Japanese electronics firm said it reckoned it could shift 12 million game devices this fiscal year, but it reduced its forecast to 10 million in its quarterly earnings announcement today. Much of the sales will be expected over the Christmas period, since Sony has only sold three million so far.

Sony also cut its sales forecast for TVs by a million to 14.5 million and lopped two million off its expectations for compact digital cameras to 16 million. But the company is hoping that its new phones and PlayStations can hold steady, shipping 34 and 16 million respectively.

Net loss eased at the firm in the quarter ending in September, down to ¥15.5bn (£120m, $194m), from ¥27bn (£209m, $337m) last year on a modest operating income of ¥30.3bn (£234m, $379m). But the gains were helped by a ¥13.2bn (£102m, $165m) windfall from insurance companies on damages from the floods in Thailand and ¥8.2bn (£63.5m, $102.5m) made from the sale of a chemical products business.

Sony is still hoping for an operating profit of ¥130bn (£1bn, $1.65bn) for the full year, but the news still made a 4 per cent dent in its share price.

Fellow Japanese electronics firm Panasonic was hit much harder on the Tokyo Stock Exchange, sliding over 19 per cent after it forecast a net loss of ¥765bn (£5.9bn, $9.6bn) for the fiscal year.

The huge loss is down to restructuring costs, which are now expected to be over 10 times more than the firm previously thought. Its earlier forecast loss was just ¥50bn (£387m, $625m). ®

The essential guide to IT transformation

More from The Register

next story
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Apple to build WORLD'S BIGGEST iStore in Dubai
It's not the size of your shiny-shiny...
Just in case? Unverified 'supersize me' iPhone 6 pics in sneak leak peek
Is bigger necessarily better for the fruity firm's flagship phone?
Steve Jobs had BETTER BALLS than Atari, says Apple mouse designer
Xerox? Pff, not even in the same league as His Jobsiness
Apple analyst: fruity firm set to shift 75 million iPhones
We'll have some of whatever he's having please
TV transport tech, part 1: From server to sofa at the touch of a button
You won't believe how much goes into today's telly tech
The agony and ecstasy of SteamOS: WHERE ARE MY GAMES?
And yes it does need a fat HDD (or SSD, it's cool with either)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?