Sony lowered its sales outlook for its smartphones, as revenue in its Electronics Products & Solutions division dipped in fiscal Q1.
In its earnings statement for the quarter ending 30 June, Sony said it expects to sell 4 million smartphones in FY19, down from a forecast set in April of 5 million.
Revenue in its Electronics Products unit, which includes smartphones and consumer electronics declined 15 per cent, reaching JPY84 billion ($776 million).
In addition to smartphones, the company also cut its full year revenue outlook for its PlayStation 4 games consoles, following a decline in fiscal Q1 sales.
Its sales target for the year ending March 2020 was cut to JPY8.6 trillion, JPY200 billion less than forecast in April. Its profit prediction of JPY810 billion was unchanged.
At group level, Sony reported a 1.9 per cent drop in revenue to JPY1.9 trillion in Q1, while net profit fell 33 per cent to JPY152 billion.Subscribe to our daily newsletter Back