Sony posts Q4 loss after writedown on smartphone business

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(Telecompaper) Sony reported results for its fiscal year to March up more than forecast. Revenues rose 12.4 percent to JPY 8.544 trillion, and net profit jumped to JPY 491 billion from JPY 73 billion a year earlier. The company forecast lower profits for the current year, as it focuses more on margins over volume for its TV and smartphone businesses, and also sees a negative impact from exchange rates and lower investment gains. 
Source: Industry News (syndicated from Telecompaper.com)

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