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%:
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