Sony Reports Record Profits on Sales on Image Sensors

Sony Reports Record Profits on Sales on Image Sensors

HIGHLIGHTS

  • Success of Spider-Man: Homecoming has fuelled hopes of a rise in earnings
  • Profit increased 2.8 times to JPY 157.61 billion
  • The profit surge comes mainly from Sony’s image sensor business

Japan’s Sony on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back of robust sales of image sensors.

In a vote of confidence for Sony’s turnaround under Chief Executive Officer Kazuo Hirai, the firm’s shares have risen by around 40 percent this year to nine-year highs.

The box-office success of its Spider-Man: Homecoming (Review) film has also fuelled hopes of a rise in earnings for Sony’s pictures business, which is working through a restructuring plan.

Profit increased 2.8 times to JPY 157.61 billion ($1.43 billion or roughly Rs. 9,164 crores) in April-June, exceeding the previous first-quarter record of JPY 121.3 billion set in 2007.

The result compared with a Thomson Reuters Starmine SmartEstimate of JPY 129.14 billion drawn from 10 analyst views.

The profit surge comes mainly as Sony’s image sensor business returned to stability having recovered from earthquake damage sustained a year ago, the company said.

Sony’s semiconductor division, which includes image sensors, posted an operating profit of 55.4 billion yen, reversing the year-earlier loss of JPY 43.5 billion, as operations at a key plant fully resumed to meet brisk demand for image sensors for smartphones.

The consumer electronics business was also profitable as it focused on high-end television sets and smartphones without seeking to increase in scale.

Together, strong performance across Sony’s divisions is pushing profit to golden-era levels. Nevertheless, analysts said the firm is yet to find long-term drivers of growth.

With the future in mind, Sony is using its newly recovered financial strength to venture into acquisitions. On Monday, it said it had bought most of the distributor of the English-language versions of Dragon Ball Z and One Piece animations.

The firm maintained its profit forecast of JPY 500 billion for the year ending March.

While that is below the market’s average forecast of JPY 562.19 billion, it would still be the highest since the company made JPY 526 billion in the year ended March 1998, when it enjoyed strong sales of its first PlayStation games console and other electronics. It also benefited from box-office hit Men in Black.

[“Source-gadgets.ndtv”]

12 Insider Flea Market Selling Tips to Increase Profits

Flea market selling tips

Selling at flea markets doesn’t just mean clearing out some junk from your basement and throwing it on a table. You can actually build a business around selling at flea markets. But you’ll need some flea market sales tips to really increase your profits going forward. Here are some flea market selling tips to make your next flea market sale a huge success.

Flea Market Selling Tips

Sell More by Providing Many Payment Options

Flea market customers have a huge variety of different payment preferences. Some want to pay with credit cards, some with checks, some with cash. If you can give customers options, you’ll be more likely to increase your sales over the course of each day. That means using a Square or similar credit card reader, allowing customers to pay with checks, and having enough change for people who just want to pay in cash. In addition, if you can offer layaway options, it can help your ability to sell some larger items that people might need time to gather the funds for.

Sell More by Creating a Facebook Page

Your business is likely to sell more if you actually treat it like a business. Today, that means having some kind of an online presence. And since so many consumers use Facebook already, that’s a natural place for flea market vendors to connect with potential customers. So give yourself a professional business name, add some photos and use Facebook to share information and connect with potential customers.

Sell More by Advertising in Advance

Social media and similar online platforms can also be helpful when it comes to advertising your offerings. For instance, if you go to different markets or locations each week or month, you can post on Facebook where you’re going to be each week and what types of new products you’ll have available. You can even pay to boost your posts so that you can reach even more people.

Sell More by Accepting Reasonable Offers

Bargaining is a huge part of running a flea market business. While you don’t have to accept every single offer that comes your way, at least being open to reasonable offers can help you increase sales and clear up space for new inventory. The longer you hold onto things, the less space/money you have to acquire new things to offer for sale, and the more your money is tied up in inventory that isn’t selling.

Sell More by Conveying Approachable Body Language

At a flea market, you are the literal face of your business. People will be more likely to stop and look at your products if you look friendly and approachable. And if they stop and look at your products, they’re more likely to buy. If you are sitting and do not smile or attempt to engage passers by, they will actually pass you by.

Sell More by Standing Out in the Crowd

Your booth can also be a selling point for potential customers. So don’t make it just look the same as everyone else’s. Choose that orange canopy instead of that gray one, and spend the money to have some large signage that you can prop up on top of it. Making your booth look nice and eye-catching can cause shoppers multiple rows away to notice your booth and make a point to stop by.

Sell More by Using Professional Signage to Convey Trust

A professional looking shop sign can also convey a sense of trust to your customers. Instead of just seeing a bunch of random items strewn across a table, they are more likely to see an actual business with products that are high-quality and valuable.

Have Business Cards Easily Accessible

Some customers at flea markets might not be ready to buy from you even if your booth looks great and your products are awesome. So you should give them an easy way to connect with you later. Provide business cards to passers by so that if they see something they like, don’t buy it, but return home and decide they want it, they can reach you and make the purchase. You can also offer shipping as an option so that those customers don’t have to make a return trip. In addition, provide your social media accounts so they can follow you from market to market each week.

Sell More by Appearing Regularly at the Same Markets

You can also garner repeat business even from those who don’t follow you on social media simply by being consistent. If someone collects a particular item that you specialize in, maintain a consistent appearance schedule so that they know where to find you when they’re ready to shop. That doesn’t mean you have to only ever sell your items at one location, but you could have a consistent schedule where you sell at the same market every Sunday or on the first weekend of every month.

Sell More by Giving Repeat Customers/Collectors Deals

Encourage that repeat business even more by offering deals to those loyal customers. If someone purchases from you every week or month, and they’ve done so at least three times, cut them a break and begin giving them good discounts. You may get a bit less for the item than you intended, but you will sell more in the long run because they’ll be sure to keep purchasing from you if they feel you’re treating them like a special VIP customer.

Sell More by Offering Discounts to Your Social Media Followers

You can also offer special discounts to your social media followers to encourage repeat customers. For example, if you’re selling at a particular market on Saturday, blast that out to your followers and provide them with a 20 percent discount offering if they mention your social media post. Followers who may not have intended to go to the market that weekend may be enticed to go if they know a 20 percent discount is waiting for them.

Sell More by Posting Images of New Items for Sale on Social During the Week

Throughout the week leading up to your flea market appearance, you can entice people on social media to shop with you by posting images of the items that you’ll be offering for sale. If they’re interested in something new they’ve seen on social, they’ll be sure to show up that weekend at the market to buy it.

Flea Market Photo via Shutterstock

[“source-smallbiztrends”]

Amazon Triples Profits on Cloud Services, Video

Amazon Triples Profits on Cloud Services, VideoOnline giant Amazon said Thursday its profits more than tripled in the third quarter, but shares fell as the rise was weaker than expected.

Amazon extended its string of positive results after years of investments that produced little or no profit, helped by its cloud computing, streaming video and new products and services.

Profit surged to $252 million (roughly Rs. 1,685 crores) from $79 million (roughly Rs. 528 crores) in the same period a year ago, while revenues jumped 29 percent to $32.7 billion (roughly Rs. 2,18,690 crores).

Amazon shares tumbled more than five percent in after-hours trade after profit fell shy of most analysts’ forecasts.

Earnings per share, closely watched by Wall Street, came in at 52 cents; the consensus estimate was 78 cents.

Amazon founder and chief executive Jeff Bezos offered a cryptic comment on the financial results, referring to the company’s digital personal assistant Alexa, which responds to queries on its Echo speaker and other devices using artificial intelligence.

“Alexa may be Amazon’s most loved invention yet – literally – with over 250,000 marriage proposals from customers and counting,” said Bezos.”And she’s just getting better. Because Alexa’s brain is in the cloud, we can easily and continuously add to her capabilities and make her more useful – wait until you see some of the surprises the team is working on now.”

Neil Saunders of the research firm Conlumino said Amazon “missed its earnings estimates by a wide margin and this will, inevitably overshadow the more positive news on sales.”

This result “undoes some of the recent progress Amazon has made on the profit front,” Saunders said in a note to clients.

He said the relatively weak profits resulted from increased costs and investments in new products and services.

“Looking ahead we see no reason for the dominance of Amazon to diminish,” the analyst said.

“Indeed, we see some positive gains from services like music and we believe that, over the course of the next fiscal, devices like Echo will sell well and become a more integrated part of users lives.”

The Prime strategy
Earlier Thursday, Bezos told an audience in New York that the disparate services offered by Amazon were part of a strategy to get more people on its Prime subscription service, which offers access to online video and music, free shipping on goods and other benefits.

He said investments in award-winning shows such as “Transparent” and “Mozart in the Jungle” help boost the number of Prime subscribers who will later buy more goods, such as electronics, clothing and toys.

“As you become a Prime member, you buy more from us,” he said at the Economic Club of New York.

The company’s earnings report showed that Amazon Web Services, its giant cloud-computing arm, pulled in $3.2 billion in revenue, a sharp jump from $2.1 billion in the same quarter last year. That produced some $861 million in operating income.

Amazon’s international sales rose 28 percent to $10.6 billion and North American sales grew 25 percent to $18.9 billion.

Amazon does not provide detailed breakdowns for sales of its Kindle devices or home speakers or the number of Prime members.

But analysts at Consumer Intelligence Research Partners estimate that Amazon Prime now has 65 million US members, spending on average about $1,200 per year.

Tags: Amazon, Amazon Prime, Internet, Jeff Bezos, Apps, Home Entertainment
[“Source-Gadgets”]

Amazon Triples Profits on Cloud Services, Video

Amazon Triples Profits on Cloud Services, Video

Online giant Amazon said Thursday its profits more than tripled in the third quarter, but shares fell as the rise was weaker than expected.

Amazon extended its string of positive results after years of investments that produced little or no profit, helped by its cloud computing, streaming video and new products and services.

Profit surged to $252 million (roughly Rs. 1,685 crores) from $79 million (roughly Rs. 528 crores) in the same period a year ago, while revenues jumped 29 percent to $32.7 billion (roughly Rs. 2,18,690 crores).

Amazon shares tumbled more than five percent in after-hours trade after profit fell shy of most analysts’ forecasts.

Earnings per share, closely watched by Wall Street, came in at 52 cents; the consensus estimate was 78 cents.

Amazon founder and chief executive Jeff Bezos offered a cryptic comment on the financial results, referring to the company’s digital personal assistant Alexa, which responds to queries on its Echo speaker and other devices using artificial intelligence.

“Alexa may be Amazon’s most loved invention yet – literally – with over 250,000 marriage proposals from customers and counting,” said Bezos.”And she’s just getting better. Because Alexa’s brain is in the cloud, we can easily and continuously add to her capabilities and make her more useful – wait until you see some of the surprises the team is working on now.”

Neil Saunders of the research firm Conlumino said Amazon “missed its earnings estimates by a wide margin and this will, inevitably overshadow the more positive news on sales.”

This result “undoes some of the recent progress Amazon has made on the profit front,” Saunders said in a note to clients.

He said the relatively weak profits resulted from increased costs and investments in new products and services.

“Looking ahead we see no reason for the dominance of Amazon to diminish,” the analyst said.

“Indeed, we see some positive gains from services like music and we believe that, over the course of the next fiscal, devices like Echo will sell well and become a more integrated part of users lives.”

The Prime strategy
Earlier Thursday, Bezos told an audience in New York that the disparate services offered by Amazon were part of a strategy to get more people on its Prime subscription service, which offers access to online video and music, free shipping on goods and other benefits.

He said investments in award-winning shows such as “Transparent” and “Mozart in the Jungle” help boost the number of Prime subscribers who will later buy more goods, such as electronics, clothing and toys.

“As you become a Prime member, you buy more from us,” he said at the Economic Club of New York.

The company’s earnings report showed that Amazon Web Services, its giant cloud-computing arm, pulled in $3.2 billion in revenue, a sharp jump from $2.1 billion in the same quarter last year. That produced some $861 million in operating income.

Amazon’s international sales rose 28 percent to $10.6 billion and North American sales grew 25 percent to $18.9 billion.

Amazon does not provide detailed breakdowns for sales of its Kindle devices or home speakers or the number of Prime members.

But analysts at Consumer Intelligence Research Partners estimate that Amazon Prime now has 65 million US members, spending on average about $1,200 per year.

Tags: Amazon, Amazon Prime, Internet, Jeff Bezos, Apps, Home Entertainment
[“Source-Gadgets”]