Sony Shipped 4% More TVs in Q1 But Leaves Year's TV Sales Forecast Intact

Sony shipped 2.7 million TVs in Q1 ended June 30, a 4 percent increase from Q1 a year earlier, the company said in a Friday earnings report. But Sony left unchanged its May forecast that it will ship 12 million TVs in the year ending March 31, a slight decline from the 12.2 million sets it shipped last fiscal year. Unlike in recent quarters, Sony gave no breakout on the Q1 profit performance of its TV business. But operating profit in Sony’s core CE sector, Home Entertainment & Sound, jumped 85.3 percent to $197 million ($1 = 103 yen), though revenue from TV sales declined 1.6 percent to $1.6 billion, mainly due to the impact from the weaker yen, Sony said.