A proposal by a US hedge fund billionaire to spin off a chunk of Sony’s profitable music and movie business is shining a light again on what has been a long-time sore spot for the Japanese giant: electronics.
Apple is easing its dependence on contract electronics colossus Foxconn by enlisting Pegatron to assemble a low-cost iPhone it is planning, the Wall Street Journal reported Wednesday.
Shares in struggling Japanese electronics maker Sharp jumped more than seven percent Friday after a report it will cut an extra 5,000 jobs.
Struggling Japanese electronics giant Sony on Thursday said it booked its first annual net profit in five years, offering a glimmer of hope for the once-iconic firm.
Toshiba shares slid Wednesday after a report said the Japanese technology and engineering conglomerate likely fell short of its operating profit forecast for the last fiscal year.
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
South Korea’s Samsung Electronics said Friday net profit soared 41.6 percent to a record 7.15 trillion won ($6.4 billion) in the first quarter of 2013, driven by strong smartphone sales.
Japanese electronics giant Sony on Thursday doubled its annual net profit forecast for the past fiscal year as a weaker yen and a sale of assets helped boost its bottom line.
South Korean chipmaker SK Hynix on Wednesday posted a net profit of 179 billion won ($159 million) for January-March, a sharp turnaround from a year ago thanks to better-than-expected sales.
South Korea’s Samsung Electronics said Friday it expected to earn an operating profit of 8.7 trillion won ($7.7 billion) in the first quarter of 2013, up 52.9 percent from a year earlier.