Sony announces biggest Loss in 4 years because of PS3
Posted on Wed, 16 May 2007 01:29:12 CDT | by Luigi Lugmayr
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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.
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Back to I4U News FrontpagePosted on Wed, 16 May 2007 01:29:12 CDT | by Luigi Lugmayr
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