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NEWS ABOUT: Sony

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Sony Profit Up, Forecast Down

PlayStation 3 is finally in the black, but outlook for consumer electronics is weak

(Newser) - Slowing US consumer spending and a strengthening yen are prompting Sony Corp to cut its profit forecast for the fiscal year that ends in March. Estimates released yesterday were cut nearly 8%, to $3.85 billion, despite its PlayStation division showing a profit for the first time in two years,... More »

TV Makers Scoff at Your Puny Recession

Say buyers will continue snapping up flat panels; investors not so sure

(Newser) - Who cares if there’s a recession? The Super Bowl’s on! Even after the worst retailing Christmas in years, the makers of flat-panel, high-definition TVs are confident their trendy product will keep selling, spurred by falling prices and prime tube-watching events like the Olympics. One market-research firm is predicting... More »

Porn Goes Both Ways in HD Format War

Cheaper HD DVD production counters Blu-Ray's victories

(Newser) - The adult film industry cast a deciding vote in the VHS/Betamax tape format wars of the ‘80s, and porn may yet influence the hi-def contest between Blu-Ray and HD DVD, Daily Tech writes. But currently the industry is split between the popular view that the U.S. film industry... More »

Toshiba Fights for HD DVD Market Share

Price cuts, ad blitz attempt to counter Blu-ray's advances

(Newser) - Toshiba is stepping up efforts to keep HD DVD a contender in the battle between high-def formats, the company said today. Toshiba will cut prices and increase advertising, reports MarketWatch. It's battling rival Sony’s Blu-ray technology, which doubled HD DVD's US sales last year and scored a major win... More »

Corporations Share Green Tech Patents

IBM, Nokia, Sony and Pitney-Bowes join the new Eco-patent Commons

(Newser) - IBM tops the list of companies donating patents to a group that aims to help businesses produce greener products by sharing eco-friendly technology. Big Blue has promised 27 patents to the Eco-patent Commons; Nokia, Sony and mail equipment maker Pitney-Bowes will also donate, reports PC World. Shared patents will be... More »

Is the Xbox 360 Going Blu?

"Can't say it's not a bummer,' concedes Microsoft spokesman

(Newser) - Microsoft could be changing roles in the HD wars, as the corporation may consider switching from Toshiba's HD-DVD players to rival Sony's Blu-ray technology in the Xbox 360 if the warning signs of HD-DVD's demise prove true, reports Reuters. The announcement comes in the wake of Warner Bros. last week... More »

Studios Want Piece of Bollywood

Big names want in on the Indian film industry

(Newser) - Big studios such as Sony, Paramount Pictures, and Disney will be doing their best to make it big this year in Bollywood, India's increasingly profitable film scene, the Financial Times reports. As the India business becomes less mystifying to outsiders, big international studios want a piece of the world's most... More »

Dude, This New Dell Is Sweet

Desktop is 'elegant, handsome, and cleverly designed'

(Newser) - The iMac’s latest challenger is coming from an unlikely source: Dell. The maker " long associated with boxy, boring machines" brings the buzz with its newest contender, the XPS One, raves the Wall Street Journal’s Walt Mossberg. The sleek desktop machine, he says, is “elegant, handsome, and... More »

America's Still Enchanted

Disney pic holds at top spot as Jessica Alba's debuts a tepid fourth

(Newser) - Jessica Alba's Awake slept this weekend as Enchanted kept top spot and the African American family pic This Christmas nabbed second, Variety reports. Three-D glam film Beowulf snatched third, and Awake met expectations by banking $6 million in fourth. Hitman shot up $5.8 million in sales and took fifth... More »

Dubai Ruler's Fund Invests in Sony

Stake is likely in the range of $500M to $1B

(Newser) - The fund owned by the ruler of Dubai has bought what it calls "a significant stake" in Sony, Dubai International Capital announced today. DIC hasn't let on to how large the investment is, reports the Financial Times, but said today, "we typically take positions of $500m-$1bn." Any... More »

Box Office Enchanted

Disney princess flick owns Thanksgiving weekend

(Newser) - Enchanted charmed moviegoers out of $50 million this weekend, one of the best turkey weekend scores ever, Variety reports. Its magic veiled a strong debut by Sony-Screen Gems’ This Christmas, which banked $27.1 million. Newcomers August Rush and The Mist fizzled in seventh and eighth, respectively. More »

Price War Moves High Def DVD Players

Competing HD-DVD and Blu-Ray makers drop prices under $200

(Newser) - Sales of high-definition DVD players have been languishing because customers were unwilling to choose one of the two competing formats—Blu-ray or HD DVD. But this holiday season may change that, with retailers dropping prices from upward of $400 to under $200, reports the Wall Street Journal. And Wal-Mart fueld... More »

Samsung Ramps Up Plans for Bigger Flat-Screens

South Korean giant sees booming market for Huge TVs

(Newser) - Samsung Electronics will invest $2.2 billion next year in LCD panels to cash in on the growing market for bigger flat-screen TVs, the Wall Street Journal reports. The world's leading LCD producer aims to expand its eighth-generation line, which makes screens for TVs in the 46- to 52-inch range. More »

Sony Halves Developer Fees for Struggling PlayStation 3

Console lags against rival Nintendo Wii

(Newser) - In its latest effort to revive lagging sales, Sony has halved the price of a software development kit for its PlayStation 3 video game console. Last month, the company slashed the price of the console itself to consumers, in response to fierce competition from the better-selling Nintendo Wii, reports the... More »

Price Cut Lifts PlayStation Sales

Lower prices and a new low-cost model may help Sony to escape third place

(Newser) - Long lagging behind the Nintendo Wii and without a 'Halo 3' to rescue it, Sony's PlayStation 3 is finally seeing sales pick up in the weeks after a $100 price cut and introduction of a lower-end model. Sony said it sold 100,000 consoles last week, compared to sales of... More »

Xbox 'Gamerscore' Reels 'Em In

Popular feature boosts sales, inspires cheaters

(Newser) - “Gamerscore” could be Microsoft’s secret weapon in its bitter rivalry with Apple’s iPod, the Washington Post observes. The popular feature from the tech giant’s Xbox allows players to rack up points in the console’s social-networking world and flaunt their “achievements” for friends. The gamerscore... More »

No Warner Content for Nokia Music Site

Music withheld over illegal download concerns

(Newser) - The latest music copyright battle has pitted Warner Music against Nokia. Warner refuses to sell its tunes through the new Nokia Music Store website, on grounds that another Nokia service, the file-sharing site Mosh, enables swapping of copyrighted material, the Wall Street Journal reports. Music from Universal, Sony BMG, and... More »

Cash-Strapped Jacko Could Lose Neverland

King of Pop defaults on $23M loan and has 90 days to pay—or else

(Newser) - Michael Jackson has defaulted on a $23 million loan against his storied Neverland Ranch, and he’ll lose the Santa Barbara fortress if he doesn’t pay in 90 days. The King of Pop is in his worst financial situation ever, says Fox News, and speculation is mounting that he’... More »

On the Rebound, Sony Profits Soar

Despite Playstation 3 flop, technology giant prepares for recovery

(Newser) - Despite big losses in Playstation 3 sales, Sony reported a slight quarterly profit jump, a signal that cost-cutting and downsizing have been effective economic spurs for the Japanese technology giant. Electronics profits increased 12-fold to $939 million, with sales, especially of digital cameras, up more than 20%, the New York ... More »

Video Game Maker Calls for End to Rival Gaming Systems

Electronic Arts wants 'open gaming platform'

(Newser) - Electronic Arts, a leading video game manufacturer, has called on the gaming industry to set aside the incompatible gaming platforms now competing for consumer loyalty. Instead of choosing among rivals like Wii, Playstation, and Xbox, players should be able to use an "open gaming platform" for all games, EA... More »

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