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Title : Digitimes on Sony CIS Business
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Digitimes on Sony CIS Business

Digitimes Research reviews recent Sony CIS sales forecasts:

Sony CIS "sales for fiscal 2020 (April 2020-March 2021) to fall 11.8% on year compared to a 6.5% decline estimated earlier, due mainly to slackened demand for handset applications as global handset sales are projected to shrink by 10% in 2020, according to Digitimes Research.

...the estimated sales shrinkage will lead to an on-year reduction of 65.6% in fiscal 2020 operating incomes for the I&SS unit.

Sony has cut its budget for a three-year investment plan ending March 2021 by 12.9% to JPY610 billion (US$5.84 billion) from JPY700 billion. It is also actively exploring new clients to offset the loss of orders from Huawei, and developing AI-enabled CIS products in cooperation with Microsoft to boost competitiveness in the market, while also contracting TSMC to fabricate 3D-stacked image signal processors, according to Digitimes Research."

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