Sony reports $ 197 million quarterly loss

Sony slashed its annual profit targets after posting sharp quarterly losses. The loss in the last period was $ 197 million. The image division, responsible for the production of films, recorded a loss of US $ 181 million.

Revenue in the period grew 10.6%, reaching US $ 18.1 billion, with the mobile device sector accounting for US $ 4.27 billion – an increase of 39% in the annual comparison.

The previous profit projection for 2013 (until March) was 230 billion yen and increased to 170 billion yen.

The company expects lower sales in the division of TVs, digital cameras and PCs. The gaming arm remains with the same projections, and the smartphone segment is expected to grow in the coming months.

The forecast is below the average of 221 billion yen expected by 22 analysts fromThomson Reuters I / B / E / S.

Sony TV

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