Home
Tv
Tv News
Sony's loss grows despite sales recovery

Sony's loss grows despite sales recovery

By Associated Press | Updated: 2 August 2012 12:55 IST

Click Here to Add Gadgets360 As A Trusted Source

Sony is reporting a bigger loss for the April-June quarter at 24.6 billion yen ($316 million) despite a sales recovery from a disaster-struck previous year.

The Japanese electronics and entertainment company said Thursday its income was hurt by a surging yen, which erases overseas earnings, and by declining sales of liquid-crystal display TVs and video game machines.

Tokyo-based Sony Corp. said it's expecting to return to the black for the fiscal year through March 2013, with a 20 billion yen ($256 million) profit. It posted a 456.6 billion yen loss in its last business year.

That was the fourth straight year of losses and the biggest loss in the 66-year history of the maker of the PlayStation game machines, "Spider-Man" movies and the Walkman portable.

Comments

For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2026 hub.

Further reading: Home Entertainment, PlayStation, Sony, Sony TV, Walkman