ForexالبورصةBourseBolsa股市AktienBorsaFinansФорексFXFinançasGiełdaΧρηματιστήριοBeursBörsPörssi금융
Feb 11, 2012 05:25AM GMT
     
 
  New York   London   Tokyo 
   
 

UPDATE 1-Sony sees 3D TVs making up half of 2012-13 shipment

By Reuters  |  Forex News  |  Nov 26, 2009 11:45AM GMT
 
 

*Sees 3D TVs as driver for its TV business

*In talks with several firms on auto lithium-ion batteries

*Sees "very small impact" on earnings at current dollar/yen

(Adds details and background)

TOKYO, Nov 26 (Reuters) - Japanese electronics and entertainment conglomerate Sony Corp expects 3D TVs to account for up to 50 percent of its total TV shipments in the financial year to March 2013, a leading executive said.

Executive Deputy President Hiroshi Yoshioka also told a group of reporters the company was in talks with several companies over supply of lithium-ion batteries for automobiles. He declined to give specific names.

Yoshioka is in charge of Sony's TV, digital camera and electronic devices operations.

Sony's TV business is in its sixth straight year of losses as it grapples with a firmer yen and intensified competition from Samsung Electronics Co Ltd and LG Electronics Inc.

The company is planning to roll out its 3D TVs next year and pins its hopes on these next-generation displays to boost its TV business.

Last week, the company said it aims for more than 1 trillion yen in sales of 3D-related products in the year ending March 2013.

Sony, which is currently producing lithium ion batteries for laptop computers and other gadgets, also said last week that it would start making lithium-ion batteries for electric cars.

It will likely compete with Sanyo Electric and GS Yuasa, which are already supplying rechargeable batteries for hybrid and electric cars.

Yoshioka said the impact of the dollar's sharp fall against the yen would have "a very small impact" on its earnings at the current level.

One yen gain against the dollar trims 1 billion yen ($11.5 million) from the company's annual operating profit.

The dollar slumped to a 14-year low against the yen on Thursday. ($1=86.85 Yen) (Reporting by Kentaro Hamada; Editing by Jon Loades-Carter) ((taiga.uranaka@thomsonreuters.com; +81-3-6441-1813; Reuters Messaging: taiga.uranaka.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
 SPX 500 Futures1340.25-8.00-0.59%  
 NQ 100 Futures2549.20-11.80-0.46%  
 US 3012801.23-89.23-0.69%  
 DAX6692.96-95.84-1.41%  
 UK 1005852.39-43.08-0.73%  
 Japan 2258947.17-55.07-0.61%  
 US Dollar Index79.11+0.42+0.54%  
CFDs Quotes
 Gold1723.95-17.25-0.99%  
 Silver33.575-0.342-1.01%  
 Copper3.862-0.117-2.93%  
 Crude Oil99.02-0.83-0.83%  
 Natural Gas2.476-0.001-0.04%  
 US Cotton No.291.03+0.65+0.72%  
 US Coffee C216.53+1.25+0.58%  
 
 EUR/USD1.3198-0.0089-0.67%  
 GBP/USD1.5756-0.0061-0.39%  
 USD/JPY77.61-0.05-0.07%  
 USD/CHF0.9165+0.0047+0.52%  
 AUD/USD1.0673-0.0113-1.05%  
 USD/CAD1.0013+0.0067+0.68%  
 EUR/CHF1.2093-0.0020-0.17%  
CFDs Quotes
 Euro Bund138.66+1.41+1.03%  
 Italian Govt. B.102.45-1.63-1.57%  
 Euro BOBL125.23+0.71+0.57%  
 UK Gilt115.78+1.13+0.99%  
 US 2 YR T-Note110.26-0.02-0.02%  
 US 10 YR T-Note131.21+0.36+0.28%  
 US 30 YR T-Bond142.43+0.79+0.56%  

Recent Activity

Sponsored Links