logo
logo

Sony Expects Deeper Loss for Image-Sensor Business

avatar
Elizabeth Tinnin

TOKYO—Sony Corp. projected Tuesday a deeper loss for its image-sensor component business this fiscal year due to the effects of the recent earthquakes that hit its factory in Kumamoto on the southern Japanese island of Kyushu.

For the current fiscal year ending March 2017, the Japanese electronics and entertainment group now says its device unit, which includes image sensors, would incur an operating loss of 40 billion yen $367 million , worse than the ¥29.2 billion loss for the fiscal year that just ended.

Image sensors are a key element in the cameras used in many smartphones, including Apple Inc. s iPhone.

Sony s large device-making factory in Kumamoto was forced to completely halt operations for several weeks.

Sony booked an operating profit of ¥294.2 billion in the fiscal year that ended in March 2016, and aims reach ¥500 billion for the year through March 2018.

Sony has shipped more than 40 million console units since the product was introduced in November 2013, and it plans to ship 20 million in the current fiscal year.

collect
0
avatar
Elizabeth Tinnin
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.