Dubai: Sony Middle East is expecting a 15 per cent growth in revenues from the UAE business this fiscal year (April-March) compared to last year.
Satoru Arai, head of Sony Middle East Marketing Company, said that the trading business is impacted by the drop in oil prices, Russian rouble and depreciation of exchange rates.
He said that Sony cameras and audio products are growing at a faster rate than TVs and the accessories business are expected to contribute more than 10 per cent to the total sales.
Sony Corp had narrowed its full-year net loss for 2014 to 170 billion yen on cost cuts and higher-than-expected sales of PlayStation video game consoles and image sensors.
The company’s third-quarter preliminary results showed that operating profit had doubled to 178.3 billion yen (Dh5.5 billion) while sales rose six per cent to 2.56 trillion yen in October-December quarter.
