Wednesday, February 03, 2021
Sony Reports 10% CIS Sales Drop, Rises Full Year Forecast
Sony reports its quarterly results and updates forecast for its fiscal year ending on March 31. The quarterly CIS sales dropped by 10% due to the lower mobile phone sensor sales and cheaper product mix. However, the forecast for the full year has been revised upward due to resumption of sales to Huawei that were stopped in September 2020. So, the full fiscal year sales are expected to drop by only 5%:
The reason can be summed up in one word: Huawei. Sony is the major CIS vendor for them, and their crash in market share due to trade embargoes was more than Sony could make up with other vendors who gained market share as Huawei dropped.
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