The tech giant continued to benefit from booming iPhone sales during the June period, but it didn't sell as many as analysts had expected.
The company had previously said it would lose $1.4 billion in its fiscal year ended March 31, but it has now revised that number down to 126 billion yen.
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More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
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The company had planned to ship 50 million smartphones this year, but that figure has been falling and will drop even more, according to Bloomberg.
Emerging markets are still showing interest in new tablets, but that isn't enough to sustain IDC's prior forecast for this year.
Powerful women are making their own rules of VC conduct.
Stronger demand for business PCs has delivered better-than-expected second-quarter sales for Intel.
The carrier expects to add a net 800,000 post-paid subscribers as customers flock to its Next smartphone payment plan.