The industry analysts believe that net income for the fiscal year will be 23.1 billion yen ($221 million), 20 percent lower than Sony's previous forecasts.
Falling demand for TVs and PCs will lead to another rough quarter for the company and new CEO Kazuo Hirai, who has been trying to focus the company better after years of losses.
According to recent research, TV, camera and notebooks all had a weak holiday season, and those electronics are the bread and butter of Sony's lineup (not including smartphones and consoles). Estimates have global TV shipments falling 11 percent year-over-year and Sony recently slashed their internal Bravia TV forecasts by nearly 7 percent. Sony's TV unit has had losses for the last nine years.
PC sales saw a similar slowdown, down 10 percent year-over-year globally.
Written by: Andre Yoskowitz @ 26 Jan 2014 12:06
