Sony lowers TV sales forecast, keeps smartphone estimate

Sony Corp said on Thursday it lowered its TV sales forecast for the year ending in March 2014 by 6.3 percent to 15 million units, down from a previous estimate of 16 million.

FP Archives|Dec 20, 2014, 22:34:39 IST

[caption id="attachment_1002497" align="alignleft" width="380"] Representational image[/caption]

Sony Corp said on Thursday it lowered its TV sales forecast for the year ending in March 2014 by 6.3 percent to 15 million units, down from a previous estimate of 16 million.

Sony, Japan's best known consumer electronics brand, stuck to its annual sales forecasts of 42 million smartphones, 10 million PS3 game consoles and 5 million PSP and Vita handheld consoles.

The company revised its foreign exchange rate assumptions, however.

It now expects a yen exchange rate of 100 to the dollar, compared with the previous 90 yen, while it revised its euro exchange rate assumption to 130 yen from 120 yen.

Reuters

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