Sony Continues Quarterly Losing Streak

Sony has posted its second quarter numbers today and they look pretty bad all the way around. The one bright spot was Sony’s music business which saw a bump in sales thanks to higher sales of Michael Jackson’s music after his death.

Compared with a profit of 20.8 billion yen a year ago, this marked Sony's fourth straight quarterly downturn. Sales for the quarter that ended September 30 also took a spill, dropping 19.8 percent to 1.66 trillion yen ($18.26 billion) from 2.07 trillion yen in the year-ago quarter.

Comments