Sony announces biggest Loss in 4 years because of PS3

May 16 2007, 1:29am CDT | by Luigi Lugmayr

Sony just announced its reported its biggest loss in four years.

The net loss of Sony totaled 67.6 billion yen ($562 million) in the three months ended March 31st.

The loss of the PS3 and costs of the notebook battery recall (9.6 million batteries!) is exceeded profits from electronics such as Bravia TV, Sony Ericssion and the movie unit. On the positive side, Sony expects sales to grow 5.8% to 8.78 trillion yen and operating profits of 440 billion yen ($3.7 billion) for the year ending March 2008; beating analyst expectations.
More details on Bloomberg.

where to buy

Buy from Amazon

What Others Say about This

NeverDead Review (Multi-Platform)

Promising ideas are cut off at their head by shaky game mechanics. In most video games the player takes on the role of an immortal badass. Death is rarely the end, but a temporary setback, a return to checkpoint. Konami’s NeverDead embraces the immortal ...
Full article at: Pate Magazine More like this 35 minutes ago

The DTOID Show: PS Vita round-up with Dale North!

Happy Valentine's Day, everyone! If you're not busy preparing a fancy evening for yourself or your significant other, why not take fifteen minutes out of your schedule to enjoy yesterday's Destructoid show? After pulling an all-nighter to get a bunch of ...
Full article at: Destructoid More like this 37 minutes ago

Ontario couple wins $15-million lottery jackpot

The lucky streak continues for Lotto Max players in Eastern Ontario. Last month, a couple from Hawkesbury, Ont. won $50 million. Now, a retired couple from Brockville, Ont. is $15 million richer. But just like their fellow winners down the highway, these ...
Full article at: CTV More like this 41 minutes ago

Don't miss ...

Gaming

New Xbox to be unveiled at E3 2012?

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.