Sony Corp (6758.T) aims to lift its movie entertainment revenues by more than a third in the next three years, its chief executive said on Tuesday as the loss-making consumer electronics firm tries to counter flagging smartphones sales.
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Nokia reported a 22 percent fall in sales at its core NSN network equipment division on Thursday, highlighting the problems facing management once it completes the sale of its former flagship phones business to Microsoft for 5.4 billion euros ($7.4 billion).
Nokia is expected to show a steep fall in network equipment sales in its results this week, highlighting the challenge facing management after selling its once mighty handset division to Microsoft for 5.4 billion euros ($7.3 billion).
Nokia has offered to pay a 270 million euro ($369 million) deposit to Indian authorities to unfreeze assets in a tax dispute, according to sources familiar with the matter.
Nokia is expected to report another quarterly loss next week, raising the stakes for its holiday-season sales battle with smartphone rivals Apple and Samsung.
