{"id":60928,"date":"2014-10-31T06:50:16","date_gmt":"2014-10-31T06:50:16","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=60928"},"modified":"2014-10-31T06:50:16","modified_gmt":"2014-10-31T06:50:16","slug":"sony-reports-lower-losses-than-estimated-on-strong-ps4-sales","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=60928","title":{"rendered":"Sony reports lower losses than estimated on strong PS4 sales"},"content":{"rendered":"<p>Japan&#8217;s Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 <span class=\"mandelbrot_refrag\">games<\/span> console reduced the impact of a sluggish smartphone division.<\/p>\n<p>Operating loss reached 85.6 billion yen ($771 million) in July-September, compared with the 164.3 billion yen average estimate of 3 analysts polled by Thomson Reuters. In the same quarter last year, Sony booked a profit of 14.8 billion yen.<\/p>\n<p>The company posted a net loss of 136 billion yen for the quarter and held its full-year net loss forecast at 230 billion yen.<\/p>\n<figure id=\"attachment_60931\" aria-describedby=\"caption-attachment-60931\" style=\"width: 580px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/10\/download13.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-60931\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/10\/download13.jpg\" alt=\"Pedestrians are reflected in a logo of Sony Corp outside its showroom in Tokyo July 16, 2014. REUTERS\/Yuya Shino\" width=\"580\" height=\"402\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/10\/download13.jpg 580w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/10\/download13-300x207.jpg 300w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><\/a><figcaption id=\"caption-attachment-60931\" class=\"wp-caption-text\">Pedestrians are reflected in a logo of Sony Corp outside its showroom in Tokyo July 16, 2014. REUTERS\/Yuya Shino<\/figcaption><\/figure>\n<p>Sony also lowered its smartphone sales outlook to 41 million handsets from 43 million, compared with 39 million last year.<\/p>\n<p>Shares of Sony closed 0.8 percent higher before the <span class=\"mandelbrot_refrag\">earnings<\/span> announcement, compared with a 4.8 percent rise in the <span class=\"mandelbrot_refrag\">Nikkei<\/span> benchmark index after the Bank of <span class=\"mandelbrot_refrag\">Japan<\/span> announced furthering monetary easing.<\/p>\n<p>&#8211;<\/p>\n<p>Source: Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division. Operating loss reached 85.6 billion yen ($771 million) in July-September, compared with the 164.3 billion yen average estimate of 3 analysts [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":60929,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/60928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60928"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/60928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/60929"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}