Sony Announces Biggest Loss In 4 Years Because Of PS3

Posted: May 16 2007, 1:29am CDT | by , Updated: Aug 11 2010, 1:50am CDT, in News | Gaming

Sony announces biggest Loss in 4 years because of PS3
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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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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.
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