Quarterly profits at Japanese electronics giant Sony have almost halved, hurt by a loss at its mobile phone venture with Sony Ericsson to axe 2,000 jobs ...
Xbox sets sights on communities ...
Firms 'to run failing NHS trusts' ...
Team of experienced Czech state attorneys disintegrates - press ...
PlayStation 'will reclaim lead' ...
Europe PS3 sales 'overtake 360' ... Sweden's Ericsson.
The PlayStation maker said that net profit totalled 35bn yen ($326m, Ј163m) in the April to June period, down from 66.5bn yen a year ago.
Sony was rattled by a strong yen and stiff price competition, although PlayStation sales were strong.
The company also trimmed its annual profit forecast.
"Games have recovered well - that's positive. But movies aren't good. Then Sony Ericsson is really a drag," said Hiroaki Osakabe, a fund manager at Chibagin Asset Management.
Japan's electronics makers have seen mixed performances as they grapple with a US economic downturn, higher fuel and raw material prices and a stronger yen - although the Japanese currency has begun to weaken recently.
Toshiba, which makes the memory chips used in digital cameras and mobile phones, said it made a net loss of 11.6bn yen in the quarter due to slump in semiconductor sales.
It also blamed a stronger yen.
However, Matsushita, behind the Panasonic brand, said its net profit soared almost 86% to 73bn in the first three months of the financial year, compared with the same period a year ago, helped by brisk sales of large flat-screen televisions.
(BBC)
<< Back