Feeds

People really liked our Xperia. Throw in a weak yen and KERCHING - Sony

Japanese firm does better than expected in the June quarter

Top 5 reasons to deploy VMware with Tegile

The weak yen and strong sales of its smartphones in Japan combined to help Sony report a better-than-expected operating profit in its fiscal first quarter.

Things were looking good for the one-time electronics giant at home, where foreign exchange rates were helping its bank balances and its flagship Xperia smartphone was well-received.

The firm's mobile products and communications division saw sales rise 14 per cent in the quarter on a constant currency basis, leading to an operating income of 5.9bn instead of the loss of 28.1bn in the same quarter of the previous year.

Overall, Sony made an operating profit of 36.4bn in April to June, well over the 25.3bn expected by four analysts surveyed by Thomson Reuters I/B/E/S and six times what it made during the same time in 2012.

Sony has been so disappointing of late that activist investor Daniel Loeb has been harassing it to consider spinning off a fifth of its profitable entertainment arm, which covers movies, music and TV.

Although the higher profits this quarter are unlikely to satisfy Loeb, the Nikkei newspaper said that the board is expected to reject his proposals.

The firm's chief exec Kazuo Hirai has only said that the board will carefully consider the suggestions and hasn't given any indication of when the board might be finished discussing it. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.