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Sony Q1 Profit, Sales Rise; Lifts FY21 View, Backs Sales Forecast; Stock Down

Sony Q1 Profit, Sales Rise; Lifts FY21 View, Backs Sales Forecast; Stock Down TOKYO (dpa-AFX) - Japan s Sony Corp. (SON.L, SNE) reported Wednesday that its first-quarter net income attributable to shareholders increased to 211.83 billion Japanese yen from 193.58 billion yen in the previous year. Earnings per share were 169.22 yen, up from 155.27 yen last year. Operating income grew to 280.07 billion yen from 221.73 billion yen a year ago. Total sales and financial services revenue increased to 2.26 trillion yen from 1.96 trillion yen last year. Sales were 1.84 trillion yen, up from 1.52 trillion yen a year ago. Looking ahead for the fiscal year 2021, ending March 31, 2022, Sony now projects attributable net income of 700 billion yen, and operating income of 980 billion yen. The company previously expected attributable net income of 660 billion yen and operating income of 930 billion yen.

Cellphone sales fall in June; Apple still top brand in Taiwan

Cellphone sales fall in June; Apple still top brand in Taiwan 07/26/2021 11:04 AM CNA file photo Taipei, July 26 (CNA) Cellphone sales in Taiwan in June were affected by worries over indigenous COVID-19 cases, and fell by more than 10 percent from a month earlier, while Apple Inc. retained the title as the best selling brand in the local market, according to industrial statistics. The data showed cellphone sales in June fell 10.2 percent from a month earlier to 362,000 units, the lowest level in at least one decade as the COVID-19 spread prompted the government to tighten prevention measures, which restricted people s movement and dampened buying interest.

TSMC retains third place in global IC supplier ranking

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remained the world’s third-largest IC supplier in the first quarter of this year, while MediaTek Inc (聯發科) was the industry’s 10th-largest firm, moving up six spots from the previous quarter, advisory firm IC Insights said on Tuesday. Contract chipmaker TSMC posted sales of US$12.91 billion, up 25 percent from a year earlier, IC Insights said in a report. TSMC benefited from strong global demand for emerging technologies such as 5G applications, and high-performance computing and Internet of Things devices, the report said. Sales at MediaTek, Taiwan’s largest IC designer, grew 90 percent year-on-year to US$3.85 billion,

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