Sony has warned of a potential $1.15bn full-year loss, after lackluster TV sales, the strong yen and the continued impact of the Thai floods saw the company post another quarter of losses. Sony saw sales amounting to $20.5m [pdf link], down over 9-percent year-on-year, good for an operating loss of $21m. In total, for Sony shareholders the loss reaches $350m. Sony says it will undergo significant restructuring to attempt to turn around its decline.
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‘Sony’ Stories
Sony warns of $1.15bn year losses: PS3 up, LCD down
LCD panel firms in South Korea fined a total of $176M
South Korea's Fair Trade Commission have fined ten LCD panel makers operating inside the country a total of $176 million or 195 billion won. The fines were for allegedly holding meetings with the goal of keeping the prices of LCD screens artificially high. This is not the first time the LCD industry has been busted holding meetings over price fixing in the industry.
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Sony Ericsson XPERIA ray Review
The XPERIA ray is easily the smallest smartphone I’ve ever had the opportunity to lay hands on, and while it may seem at first to be tiny in stature, it packs an oddly enticing set of punches. Head back to our XPERIA ray hands-on and unboxing post to get all the specification details on the device, then come back and get the most important bits: 3.3-inch TFT LCD display a 480 x 854 pixel resolution, a single-core 1GHz processor inside, a VGA video chat camera on the front, and a massively impressive 8.1-megapixel camera on the back. This tiny monster is set to carve out its own piece of the American petite smartphone pie, that’s for certain.
Google TV 2.0 update hits Sony devices, Logitech Revue next
As promised late last week, Google has begun rolling out its version 2.0 Google TV update to Sony Internet TV devices today. The over-the-air update began showing up this morning for Sony Google TV devices and should roll out to Logitech Revue units soon. The update brings a completely revamped Google TV interface now powered by Android 3.1 Honeycomb.
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Sony eyes an exit from S-LCD joint venture with Samsung
Sony and Samsung have been operating an LCD joint venture since 2004 called S-LCD. At this point Samsung holds 51% of the joint venture with Sony having 49% of S-LCD. Sony has not been doing well in the TV realm of late with loses in the segment that continue to increase. As a result of the mounting losses, Sony is said to be considering pulling out of the joint venture.
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Sony Just Bought Its Future
Sony, with a $1.47bn check, just bought back its destiny. In agreeing to buy out Ericsson’s 50-percent stake in the Sony Ericsson smartphone partnership, the Japanese company brings to an end a decade of collaboration; more importantly, though, it buys the opportunity for Sony to come up to speed with its rivals and – if it leverages its strengths correctly – overtake Samsung, LG and even Apple in the consumer electronics market. “We can more rapidly and more widely offer consumers smartphones, laptops, tablets and televisions” CEO Howard Stringer promised in the announcement, “that seamlessly connect with one another and open up new worlds of online entertainment.” Big words, but Sony is one of the few companies that could ever deliver on them.
Sony buys out Sony Ericsson for €1.05bn
Sony has bought out Ericsson’s stake in Sony Ericsson, giving the Japanese company sole control over the smartphone manufacturer. The deal, worth €1.05bn ($1.47bn) in cash to Ericsson, will see Sony bring the smartphone business in under its networked consumer electronics umbrella, a shift which the company describes as “a logical strategic step that takes into account the nature of [the mobile market] evolution and its impact on the marketplace.”
Sony PS Vita browser won’t support Flash at launch
According to a report from Japanese publication Weekly Famitsu, the web browser on Sony's next-generation portable gaming device, the PlayStation Vita, will not support Adobe Flash at launch. It will support cookies, JavaScript 1.7, and some HTML5, but Flash didn't make the list. Also not supported are Game Archives that include classic PlayStation One games.
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Sony announces new PlayStation Move bundle with LittleBigPlanet 2 Special Edition
Ahead of the holidays, Sony has announced a new Special Edition of its popular game title LittleBigPlanet 2 with PlayStation Move support. It's offering the Special Edition game on its own as well as in a bundle that includes the Move add-on and controllers. As announced back at E3 2011, we should be seeing many other popular titles get Move support as well.
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Sony wants Aaron Sorkin to write Steve Jobs movie
Sony has acquired the movie rights to Walter Isaacson's authorized biography of Steve Jobs and is reportedly pursuing screenwriter Aaron Sorkin to turn the book into a script for the big screen. Sorkin not only has several acclaimed works under his belt but also seems especially fit for the part since he had recently won an Academy Award for his work on the movie about Facebook called The Social Network.
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PlayStation Suite to hit non-Sony Android devices
Sony may finally be loosening up its grip on the PlayStation suite platform. Currently, the platform is only available to Sony-branded Android devices, including the Sony Ericsson Xperia Play, Sony Tablet S and Sony Tablet P. In an interview at the AsiaD conference, Sony Computer Entertainment Chairman Kaz Hirai confirmed that the company was working on having the platform available on other non-Sony devices.
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Some PS Vita games will require a memory card to save
The launch of the PS Vita is getting close and we already know all the details on the new portable game console. We know that the console gets a 5-inch AMOLED screen that is touch sensitive. The console will sell for $249 in WiFi only and $299 with 3G inside as well. We were already not too happy that the PS Vita would require a specific memory card format that would not work with other devices.
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