Sony Sold 12.5% Fewer TVs in Q2 Than Year Earlier, Keeps Forecast Unchanged

Sony sold 2.8 million TVs globally in Q2 ended Sept. 30, an 8 percent increase sequentially from Q1, but a 12.5 percent decrease from Q2 a year earlier, said the company Tuesday. Sony left unchanged its July forecast in which it said it expects to sell 11.5 million TVs in the fiscal year ending March 31, which would be a 7 percent decline from a year earlier. Monetary sales in Sony’s core Home Entertainment & Sound segment fell 9 percent in the quarter to 274.9 billion yen ($2.4 billion), as Sony sacrificed TV unit-sales gains for “profitability,” said the company. Operating income in the sector remained flat at 24.5 billion yen ($217.2 million), “as profitability improvements resulting from a shift to high value-added models were offset by the impact of foreign exchange rates and lower sales,” it said.