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Sony said Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses linked to the sale of its battery business.

The Japanese electronics giant, which has been shedding assets as part of a broad restructuring, said it had a JPY 26 billion ($248 million or roughly Rs. 1,655 crores) net profit in the six months through September, down nearly 78 percent from a year ago.

Revenue during the period fell more than 10 percent to JPY 3.3 trillion “primarily due to the impact of foreign exchange rates”, Sony said.

The company said sales in its mobile communications business slumped, offsetting strong demand for games for its hugely popular PlayStation 4 game console.

Tuesday’s first-half results come a day after Sony warned that it now expected a net profit of JPY 60 billion (roughly Rs. 3,820 crores) in the year through March 2017, down from an earlier JPY 80 billion forecast.

It cited impairment charges and other costs linked to the sale of its battery division to Apple supplier Murata Manufacturing.In July, Sony cut its full-year sales forecast – trimming it to the current level JPY 7.4 trillion – as it blamed the surging yen and slower smartphone sales.

Japanese firms have benefited from a weak currency in recent years, which allows them to make their products cheaper overseas.

But the yen, which is seen as a safe bet, shot up since the start of the year amid wild volatility on world financial markets and as uncertainty over Britain’s decision to leave the EU stoked demand for less risky investments.

Sony has also warned that a pair of deadly quakes in Japan in April would also dent financial results.

The quakes, which caused major damage in southern Kyushu and claimed dozens of lives, forced Sony to temporarily shutter factories, hitting production and sales.

The once-iconic firm has been working to stay profitable after years of huge losses, under a painful restructuring that has included layoffs and asset sales.

 
[“source-ndtv”]

After launching the Aqua Raze II and the Aqua Pro 4G just a few days ago, Intex has again expanded its Aqua series by launching the Aqua Strong 5.2. The successor of the Intex Aqua Strong 5.1 comes with VoLTE support, 2GB RAM, and amped up internal storage. Listed on the company website, the Intex Aqua Strong 5.2 is priced at Rs. 6,390, however availability details remain unknown.

The Intex Aqua Strong 5.1 was launched in August with 8GB internal storage for Rs. 4,999. Two months later, the Indian smartphone company has listed the Aqua Strong 5.2 with 16GB of inbuilt storage. We expect the company to announce availability details soon. As for the specifications, they largely remain the same as the Aqua Strong 5.1, apart from a few tweaks.

The Intex Aqua Strong 5.2 runs on Android 6.0 Marshmallow and supports dual-SIM slots (Micro+Micro). It sports a 5-inch FWVGA (480×854 pixels) display with Corning Gorilla Glass 2 protection and a pixel density of 196ppi. It is powered by a 1GHz MediaTek MT6735 quad-core processor with ARM Mali-T720 MP1 GPU and 2GB of RAM (up from 1GB on the Aqua Strong 5.1). It offers 16GB of inbuilt storage with the option to expand further via microSD card (up to 32GB). The user available storage is at 10.8GB.

The smartphone has a 5-megapixel rear camera with dual-LED flash, and a 2-megapixel selfie camera at the front. Extra camera features include smile detection, face beauty, panorama mode, and voice capture. It measures 141.2×72.3×9.47mm and weighs 150 grams. The Intex Aqua Strong 5.2 packs a 2800mAh battery, and the company claims it is rated to deliver up to 16 hours of talk time on 3G and 4G, and around 466 hours of standby tune. Connectivity options include 4G VoLTE, Bluetooth 4.0, Wi-Fi 802.11 b/g/n, Micro-USB port, FM radio, and GPS/ A-GPS. It will be made available in White, Blue, and Champagne colour variants.

[“source-ndtv”]

US wireless carriers Sprint Corp and T-Mobile US Inc said on Tuesday they received strong pre-orders for Apple’s iPhone 7, sending shares of the world’s most valuable listed company up 3 percent.

Sprint said pre-orders were up nearly four times, compared to last year. Pre-orders also rose nearly four times at T-Mobile, compared with its next most popular iPhone.

However, the companies did not disclose specific sales numbers. Pre-orders started on Friday.

Details about sales of the new iPhone are scarce after Apple announced last week it would not release weekend sales data, saying the number was more a reflection of supply than demand.

“While the iPhone 7 update is more revolutionary than evolutionary, we believe investors could consider these strong early pre-order indications as being reflective of the impact of Apple’s significant iPhone installed base expansion over the past few years,” Stifel analyst Aaron Rakers said in a note.

Rival carriers AT&T Inc and Verizon Communications Inc were not immediately available for comment.

Apple’s shares were up 2.8 percent at $108.19 in morning trading. Up to Monday’s close, they had fallen 2.1 percent since the iPhone 7 was launched on Wednesday.

[“source-gadgets.ndtv”]

After launching the Aqua Power HD 4G last month, Intex has added another smartphone to its Aqua series. The Intex Aqua Strong 5.1 has been listed on the company website with a price of Rs. 5,599, however the company has not yet provided details about availability – we can expect an announcement soon.

As for the specifications, the Intex Aqua Strong 5.1 supports dual-SIM (Micro + Micro) cards and runs on Android 6.0 Marshmallow. It features a 5-inch FWVGA (480×854 pixels) display with Corning Gorilla Glass 2 protection and a pixel density of 196ppi. The smartphone is powered by a 1GHz MediaTek MT6735 quad-core processor with ARM Mali-T720 MP1 GPU and 1GB of RAM. It offers 8GB of inbuilt storage with the option to expand further via microSD card (up to 32GB).

Optics include a 5-megapixel rear camera with dual-LED flash, and a 2-megapixel selfie camera also with flash. Other camera features include smile detection, face beauty, panorama mode, and voice capture. The Intex Aqua Strong 5.1 packs a 2800mAh battery, and the company claims it is rated to deliver up to 16 hours of talk time on 3G and 4G, and around 466 hours of standby tune. Connectivity options include 4G, Bluetooth 4.0, Wi-Fi 802.11 b/g/n, Micro-USB port, and GPS/ A-GPS. The smartphone measures 141.2×72.3×9.47mm and weighs 150 grams. The Intex Aqua Strong 5.1 comes with several pre-loaded apps like Matrabhasha, Online Software Update, Clean Master, Opera Mini, Opera Max, and Saavn. The company is also touting features like Emergency Rescue and Turbo Download. The smartphone is made available in White, Blue, and Champagne colour options.

Just last week, Intex also launched the Cloud String V2.0 in India for Rs. 6,499. The smartphone sports a fingerprint scanner, has an inbuilt SOS feature for emergencies, and was made available exclusively on Flipkart.

[“source-gadgets.ndtv”]