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India is fourth largest revenue earner for Sony
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float:left;margin:5px;LAS VEGAS: India has emerged as the fourth-largest revenue earner for Sony Corp — after the US, China and Japan — raking in over Rs 6,000 crore during April-December 2011, the company announced on Tuesday. It pipped Brazil and Russia to climb up from sixth position in previous fiscal year.

In contrast, Sony Corp reported a 9.6% fall in sales for the year ending March 31, 2012 to 6.49 trillion yen. Its net loss also widened to 456.7 billion yen in the year.

Although Sony attributed the rise of India on revenue ladder to the demand for its televisions (it sold 9lakh sets last fiscal , a 20% rise in revenue) and smartphones, which recorded a 50% rise in revenue, the economic slowdown elsewhere also impacted the new rankings. The company, which has reported seven consecutive quarterly losses globally, is expecting a 30-40 % growth in India this fiscal year.

Source: http://timesofindia.indiatimes.com/business/india-business/India-is-fourth-largest-revenue-earner-for-Sony/articleshow/17977081.cms

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