Archive for 'Sony'

Playstation Pulls Sony Out of a Deep Hole

It’s been roughly three years since Sony went through some really rough times. There were massive layoffs, consolidations and overall general upheaval throughout the entire company. The company was beginning to look like it was destined to end up in full blown bankruptcy but the top brass had a viable plan and turned it around big time and a lot of that success is owed to the gaming sector, specifically Playstation.

Back in 2014, Sony (NYSE:SNE) unveiled its reorganization plan, which included sale of a number of its assets, spinning off its businesses, laying off staff, and focusing on increasing profitability of its major divisions. Since that time, the company with its CEO Kaz Hirai achieved extraordinary results, as the stock more than doubled, and revenue started to grow.

In the latest quarter, Sony finally had a positive operating income of $843 million and a net income of $250 million. As expected, game & network services division was one of the best performers during the fiscal quarter and improved its sales by 21%. And, as the G&NS division continues to be one of the biggest drivers of Sony’s growth, it’s important to understand how the company plans to use it to improve its overall business performance.

The G&NS division mostly consists of products from the PlayStation family like PlayStation 4, PlayStation 4 Pro, VR, and others. And, as the gaming industry continues to increase in value and is predicted to grow at ~6% annually, Sony has a real chance to establish even a stronger foothold there and continue to dominate the hardware sector of a console market.

Recently, Sony announced two major news. First was about the sales of PlayStation 4 and PlayStation 4 Pro that together reached 60 million units shipped worldwide. This is an important milestone for the company, which released its first 8th generation console only a few years back in 2013, and considering the current rate of growth, the management believes that it can sell another 18 million units by April 2018, which is going to make the company an even more attractive investment.

The second news was about the sales of PlayStation VR that reached 1 million units shipped worldwide in only half a year since its launch. Considering that virtual technology is still a novelty in today’s world, the fact that Sony successfully tested it and sold in such a great amount for entertainment purposes shows us that there’s a big demand for innovation in this space, and Sony should use this fact in its favor going forward.

See more on Playstation

 

DIRECTV (Nasdaq: DTV) to Debut 3D TV Network

DIRECTV (Nasdaq: DTV) to Debut 3D TV Network

DIRECTV (Nasdaq: DTV) to Debut 3D TV Network-Image via Wikipedia

— Network to Debut Premieres Every Night Throughout February —

3net, the joint venture television network from Sony Corporation, Discovery Communications and IMAX Corporation today announced that DIRECTV will be the first distributor to launch 3net, the 24/7 3D network, beginning February 13, 2011.  3net will initially be available to millions of DIRECTV customers across the country.

3net will go live at 8:00 PM ET on DIRECTV (channel 107) with a primetime slate featuring world premieres of new, one-hour, native 3D original programs CHINA REVEALED and FORGOTTEN PLANET, in addition to the world 3D television premiere of INTO THE DEEP 3D.  Throughout February, the network will offer an unprecedented rollout of original 3D series and new program debuts every night at 9:00 PM ET.

3net will deliver compelling, native 3D content to the marketplace and thus serve as a critical driver for consumer adoption of in-home 3D entertainment.  The partnership’s commitment to the emerging 3D market is historic, with plans for the channel to offer viewers the largest library of native 3D entertainment content in the world by the end of 2011.

“Today’s announcement marks the culmination of a dynamic collaboration, and we are very proud of what has been accomplished in the seven short months since the network began its development,” said Tom Cosgrove, 3net’s President and Chief Executive Officer.  “DIRECTV is the leader in meeting consumer demand for video entertainment and has clearly been an industry innovator in 3D.  We are proud to partner with DIRECTV on this historic launch and bring compelling, original 3D programming and key content from our partners to DIRECTV subscribers across the country on a 24/7 basis.”

“Quality 3D programming is vital to the success and increased adoption of the technology, and with industry leaders like Discovery, Sony and IMAX making a commitment to this category, it is clear that 3D is here to stay and is only going to get better,” said Derek Chang, executive vice president, Content Strategy and Development, DIRECTV. “We are excited to be the first distributor to announce the launch of 3net and we look forward to continuing to provide our customers with the largest and most compelling 3D programming lineup available.”

“The broad availability of high-quality, native 3D content is a critical step towards consumers fully embracing 3D,” said Rob Wiesenthal, Executive Vice President and Chief Financial Officer, Sony Corporation of America.  “Beginning February 13, a deep and diverse array of great 3D programming will be available in the home 24 hours a day.  3net is an important element in our strategy to maintain a leadership position in all things 3D.”

“Discovery’s business strategy has always focused on delivering groundbreaking content through new platforms and technologies.  The launch of 3net represents a giant leap in our march to bring audiences the closest-to-real viewing experiences,” said David Zaslav, President and CEO, Discovery Communications.

“3net brings together three global brands with a single mission — to deliver premium 3D entertainment experiences to audiences in the comfort of their own homes,” said Richard L. Gelfond, CEO of IMAX. “We are proud to embark on this new venture with Sony and Discovery, and we believe that our popular library of breathtaking IMAX content is in great company with the range of compelling programming from our partners.”

3net Premiere Night Schedule (all times Eastern):

CHINA REVEALED (8:00 PM)

China’s beauty is little seen, often hidden and always surprising.  This hour-long series explores the thronging cities, epic vistas and spiritual heartlands of this huge and mysterious nation in stunning 3D.  Produced by Natural History New Zealand Ltd.

INTO THE DEEP 3D (9:00 PM)

This IMAX special takes audiences on a spectacular three-dimensional exploration of the undersea world. Using the IMAX 3D camera in its underwater housing for the first time, this film captures unique marine life and magnificent underwater vistas.

FORGOTTEN PLANET (10:00 PM)

Explore the strangest places on earth — once vibrant cities now completely devoid of all humanity.  This series of one-hour programs imagines the world humans will one day leave behind by exploring what we’ve already abandoned.  Produced by Flight 33 Productions.

DIRECTV delivers more 3D programming than any other distributor with its suite of dedicated 3D channels. DIRECTV HD customers received a free software upgrade that enables them to have access to the 3D channels on DIRECTV. DIRECTV HD customers will need a 3D television set and 3D glasses to view 3D programming on DIRECTV. For more information on DIRECTV’s 3D programming platform, please visit: www.DIRECTV.com/3D.

About 3net

3net, the joint venture of Sony Corporation, Discovery Communications and IMAX Corporation brings together three of the world’s leading media, technology and entertainment companies to bring a fully programmed, 24/7 3D network to U.S. television audiences.  The three partners bring an extraordinary collection of award-winning 3D content, technology and production expertise, television distribution and operational strength to the project, with a mission to bring viewers the highest quality and most immersive in-home 3D viewing experience possible.  The channel will feature the most extensive library of 3D content in the world, featuring genres that are most appealing in 3D, including natural history, documentary, action/adventure, travel, history, hyper-reality, lifestyle and cuisine, concerts, movies, scripted series and more.  For more information, please visit www.3net.com.

About DIRECTV

DIRECTV (Nasdaq: DTV) is the world’s most popular video service delivering state-of-the-art technology, unmatched programming, the most comprehensive sports packages available and industry leading customer service to its more than 25 million customers in the U.S. and Latin America.  In the U.S., DIRECTV offers its 18.56 million customers the capacity for more than 200 HD channels in Dolby 5.1 theater-quality sound, access to exclusive sports programming such as NFL SUNDAY TICKET™, award winning technology like its DIRECTV® DVR Scheduler and higher customer satisfaction than the leading cable companies for nine years running.  DIRECTV Latin America, through its subsidiaries and affiliated companies in Brazil, Mexico, Argentina, Venezuela, Colombia, and other Latin American countries, leads the pay-TV category in technology, programming and service, delivering an unrivaled digital television experience to 6.5 million customers.  DIRECTV sports and entertainment properties include three Regional Sports Networks (Northwest, Rocky Mountain and Pittsburgh) as well as a 65 percent interest in Game Show Network.  For the most up-to-date information on DIRECTV, please call 1-800-DIRECTV or visit directv.com.

China Electronics Holdings, Inc. (OTC Bulletin Board: CEHD) Attain 247% Increase in Sales

China Electronics Holdings, Inc. (OTC Bulletin Board: CEHD) Attain 247% Increase in Sales-Image via Wikipedia

China Electronics Holdings, Inc. (OTC Bulletin Board: CEHD), one of rural China’s major U.S.-listed retailers of household appliances and consumer electronics, announced that its exclusive distribution contracts with new products from Sony, LG and THTF contributed significantly to the Company’s 247% sales increase year-to-date.  “Manufacturers like Sony, LG and Tongfang (THTF) recognize the value of our brand and distribution reach,” said China Electronics Chairman and Founder Hailong Liu. “We are pleased to announce that their products were responsible for the majority of our $19 million revenue increase through the first nine months of 2010,” Liu added.

China Electronics, through its PRC subsidiary Lu’an Guoying Electronic Sales Co., Ltd. (the “Company”), operates a network of 600 franchise stores, 412 direct stores, and 3 company-owned locations in primarily rural areas of central China’s Anhui and Henan Provinces under the brand of Guoying.  In its most recent fiscal year ended December 31, 2009 China Electronics achieved after-tax net income of USD$9.7 million from USD$47.7 million in revenues. For the nine months ended September 30, 2010 the Company earned USD$15.1 million in after-tax net income on sales of USD$89.4 million.  As a condition of the past summer’s public market financings totaling nearly USD$5.3m, China Electronics agreed to a net income target of USD$12 million, subject to certain adjustments, for the fiscal year ending December 31, 2010, and an uplisting to Nasdaq or the NYSE Amex exchanges.  Hunter Wise Securities, LLC served as placement agent to the financings.

China Electronics’ Guoying subsidiary is the exclusive wholesaler in the Lu’an area for products under the brand names Sony, LG, Samsung, Shanghai Shangling, Chigo, Tsinghua Tongfang, Huayang and Huangming.  Guoying is the general sales agency of Sino-Japan Sanyo electronic products, such as Sanyo TVs, air conditioners, washing machines and microwave ovens.  Guoying has teamed up with Huangming and Huayang, the two largest manufacturers of solar thermal products in China, to be their exclusive retail outlet in Anhui.

China Electronics also produces Guoying brand refrigerators under its own trademark, selling a total of 30,000 refrigerators in 2007, 46,000 in 2008, and 62,000 in 2009, and expects to sell 77,000 in 2010 and 100,000 in 2011, in PRC provinces Anhui, Henan and Hubei.

About China Electronics Holdings and Household Appliance Retailing in Rural China

China Electronics has been based in Lu’an City, Anhui Province, central China since its founding in 2001 and sells household appliances and consumer electronics of major manufacturers through a network of more than 1,000 retail stores in rural areas of the PRC’s fourth- and fifth tier markets. For more information please visit www.chinaelectronicsholdings.com .

Approximately 56% of China’s population still resides in rural areas of the PRC, making rural residents the largest consumer group in the country. After many years of economic reforms, the average income of people living in China’s rural areas has gradually increased. The rural market is largely untapped and has enormous potential for growth. This rural consumer group has tremendous purchasing power and is increasing as the Chinese government encourages rural communities to modernize.

The PRC central government has decided to expand internal demand by increasing the income of the rural population. Continuous improvements in the rural power network, rural transportation, and rural communication make the rural market extremely favorable for home appliances and electronics.

After many years of economic reforms, the average income of people living in China’s rural areas has gradually increased. It is reported that the rural residents hold more than US $120 billion in savings and US$106 billion in cash. A survey done by the China Electronic Product Association showed that 14% to 33% of rural families are willing to spend their money on televisions, DVDs, washers and dryers, and telephones in the next few years. For example, refrigerator ownership in big and middle cities of China is over 95%, even 99% in some cities. However, the ownership of refrigerators is only 22.7% in rural areas of China.

The Chinese government has initiated a rural home appliance and electronics rebate program, called “Rural Consumer Electronics” plan, which provides that the maximum sales price of electronics is fixed at a price which is usually equal to or less than the market price in urban areas of the same product. Meanwhile, rural consumers can get a 13% government rebate on their purchases of electronics.

Finally, the current consumer electronics and appliances markets in big cities like Beijing, Shanghai, and Shenzhen are already saturated by an over abundance of competitors – leading to very lean margins. Although some competitors have announced interest in the rural market, none of the current competitors have established any significant presence in the rural markets. Successful brand names established in large cities are not an indicator of automatic success in China’s rural market. Guoying is the first rural home appliance and electronics retailer in Anhui province.

Cautionary Statement Regarding Forward Looking Information

This press release may contain forward-looking information about the Company, Buyonate, Inc., China Electronics Holdings, Inc., Lu’an Guoying Electronic Sales Co., Ltd., and its subsidiaries. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth “Risk Factors” contained in the Company’s Current Report on Form 8-K filed on July 20, 2010. The shares of common stock issued in connection with the transaction has not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or an applicable exemption from those registration requirements. The Company has agreed to file a registration statement covering the resale of the shares of common stock issued in the private placement and certain other shares, upon request by the investors.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Contacts:
Hunter Wise Financial Group, LLC
Dan McClory, Managing Director
+1 949 732 4102
dmcclory@hunterwise.com
Frank Lorenzo, Managing Director
+1 551 427 8476
florenzo@hunterwise.com