Sony Adjusts Dramatically Profit Forecasts because of Battery Recalls

Oct 19 2006, 2:43am CDT | by Luigi Lugmayr

Reuters just runs a report that Sony slashed its annual profit forecast by 62% because of heavy costs for recalls of its laptop PC batteries.

Sony also recalls notebook batteries for its own VIAO notebooks. Was already wondering, why Sony's own use of batteries would have no issues. (Subscription). Currently Sony plans to recall 90,000 VAIO notebooks in Japan and China. Other markets likely to follow soon. More details on Nikkei

Sony also mentions slow PSP sales and the price-cut for the Sony PS3 in Japan as additional reasons for the bad profit outlook for 2007. More Sony News.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.