iEntry 10th Anniversary RSS Newsletter Advertising
Join the WebProWorld Forum!

Sony Quarterly Loss Narrows

Post to Twitter Post to Facebook

As a result of lower restructuring costs and an increase in game sales, Sony's quarterly loss narrowed.

Sony is expecting a 40% profit increase as the year continues.

An Associated Press article says,

Sony has been fighting off growing competition in consumer electronics from cheaper Asian manufacturers, while falling behind other rivals in critical hits like the iPod from Apple Computer Inc. Sony has been struggling to make a turnaround, but the latest results show its recovery remains weak.

Sales declined during the quarter in mobile phones, portable music players and old-style TV sets, although they were up in flat-panel and rear-projection televisions. The launch of the PlayStation Portable, the handheld video-game machine, helped boost sales in Sony's game operations, Sony said.

Sony shares went up 2% before the company announced its earnings.

Chris is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.

News Tags: News, Sony, WebProNews, eBusiness
About the author:
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003.

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
7 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
WebProNews on Facebook
Featured Headline
Search Bing From Hotmail Inbox to Insert Content
Bing Added to Quick Add Feature
1 comment | Thursday, July 9th
 
Subscribe to WebProNews


Send me relevant info