TOKYO (Reuters) – Sony Corp raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain.
Demand for image sensors has been strong enough that even with its plants operating at full capacity Sony has been unable to pile up planned inventories, Chief Financial Officer Hiroki Totoki said at an earnings briefing on Tuesday.
But he said sensor shipments could be disrupted if the spread of the coronavirus forces client smartphone makers to suspend their assembly plants in China for a prolonged period.
The virus outbreak could also rattle supply chains for its PlayStation gaming hardware and other consumer electronics, he said.
“We can’t deny the possibility of the virus threat expanding to a scale large enough to wipe out our latest upward earnings revision,” Totoki said.
The Japanese entertainment and…
Source Reuters Tech News