Sony has issued its third quarter results (for last quarter of 2016) for the Home Entertainment and Sound division The division, which includes LCD TVs, Blu-ray and DVD players and recorders as well as audio devices, saw a decrease in sales by 12.1% year-on-year. The decrease was primarily due a decrease in home audio and video unit sales reflecting a contraction of the market as well as currency fluctuations. Sony also reported that the TV business continues to be highly volatile.
DVD and Blu-ray income fell at a faster pace than Sony expected, obliging the company to take a $976m (Y112bn) impairment on its movie business. Sony took an impairment charge on the same business in 2014 as the demand for physical media was contracting faster than anticipated.
