Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday October 31, 2013

Sony Cuts Profit Outlook By Forty Percent

It's sad that the only time Sony hasn't posted a loss in the last five years is when it sold off its HQ buildings a year ago for a billion each. Hopefully the PS4 sells at a profit right out of the gate. frown

Sony made an operating profit of آ¥14.8 billion ($151 million) in the second quarter of its fiscal year, as strong smartphone sales and a weak yen partially offset poor performance in the entertainment division. The company's mobile division brought in آ¥418.6 billion yen ($4.27 billion), a 39 percent year-on-year increase, but Sony's net loss overall was 19.3 billion ($197 million).