The Korean electronics maker, best known for TVs and mobile devices, also makes the processors powering those devices. Here's why it's now angling to be first with new chip technology.
Dragging down the rest of the company Sony's mobile unit posts a quarterly operating loss of $1.6 billion on $2.8 billion in revenue.
Forrester Research says the revenue hit to US cloud and outsourcing providers is less than initially expected because international customers boosted security instead of leaving.
The carrier lost $2.38 billion in the quarter thanks to charges related to its wireline assets and its brand.
More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
The leading maker of mobile chips works to quell concerns about its business prospects and new high-end chip after it disclosed this week that a large customer dropped the chip from a major phone.
Light at the end of the financial tunnel? Sony sees a brighter future riding its PlayStation, along with movies, music and components such as image sensors.
The company expects a pretax loss due to changes in pension and post-employment plans and abandonment of certain copper assets.
The site, which specializes in arts and crafts, raises $267 million for a valuation of $1.8 billion.
First quarter for new CEO Marcelo Claure was a rocky one, with growth largely driven by the carrier's wholesale business, but there were signs of progress.