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Sony halves its Olympus stake

Published

10 years ago

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Sony

Tokyo: Japanese electronics giant Sony has announced the sale of half its stake in camera and endoscope maker Olympus to fund internal restructuring measures.

Sony will sell around 17,000 of its 34,000 Olympus shares to financial services company JP Morgan Securities Japan Co., thus losing its spot as the company’s top shareholder.

The Kazuo Hirai-led multinational will generate more than $600 million from the sale, and will “use the funds to strengthen our financial base and for growth investments”, Efe news agency reported citing a company statement issued on Thursday.

Sony is expected to post a net loss of $1.42 billion in the recently concluded fiscal year in Japan due to losses in its mobile phone division.

Sony said that it would continue its alliance with Olympus, which holds 70 percent share of the global market for diagnostic endoscopes, through the Sony Olympus Medical Solutions Inc. joint venture.

Sony became the largest shareholder in Olympus in 2013 when the optics maker was grappling with an accounting scandal.

Olympus seems to be on a path to recovery, and is expected to record a profit of more than $375 million during the current fiscal year.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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