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Sunday, January 3, 2010

JAPAN: Toshiba curbs loss on chip sales

Page last updated at 09:18 GMT, Friday, 29 January 2010

Toshiba headquarters, Tokyo

Toshiba supplies computer chips to Apple

Toshiba has said it made a smaller-than-expected loss in the final three months of last year due to a recovery in its electronic components business.

The company made a net loss of 10.6bn yen ($117.5m; £72.7m) compared with a loss of 121.1bn yen a year earlier.

Toshiba's chip business suffered heavy losses last year but was recovering, the company said.

Group revenue for the quarter rose 6% to 1.58 trillion yen, from 1.49tn yen a year earlier.

Toshiba, which supplies chips to Apple, has lowered its yearly revenue target from 6.8tn yen to 6.4tn yen, but kept its forecast for a 50bn yen loss for the year ending March 2010.

The company described sales of its televisions as "healthy", but blamed a decline in sales of home appliances on the economic downturn.

View Article on BBC

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