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.
You've not seen a weather forecast like this.
More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
Revenue in China helps boost the company to a record second quarter, but the iPad remains a weak spot for Apple.
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.
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.
HTC says that its revenue was up 25 percent in the first quarter, but its forecasts are not encouraging.
The professional network, now with 300 million members, gives Wall Street almost everything it wants this quarter. Next quarter is a different story.