Thursday August 02, 2012

Sony Posts $312M Q1 Loss

Things just seem to be getting worse for Sony. Even the company's game unit is losing big money now. eek!

The net loss for Sony widened in the quarter to 24.6 billion yen ($312m) from to 15.5 billion yen ($200m) a year ago. The company also reported a year-on-year fall in its first-quarter operating income, dropping 77 percent to $80.3 million. The slide was larger than expected, with analysts having predicted a decrease of around 35 percent.