IDG News Service - Sony saw sales drop by almost a fifth in the April to June quarter and recorded losses throughout its electronic operations, it said Thursday.
The company, which has been struggling to restructure for the past several years and more recently fighting poor economic conditions and the strong Japanese yen, also warned it expects to lose money for a second year in a row.
Sony reported a net loss of ¥37 billion (US$388 million as of the last day of the period being reported) during the April to June period, a reversal from a ¥35 billion profit in the same period of 2008, as sales dropped 19 percent to ¥1.6 trillion.
More: http://computerworld.com/s/article/9136076/
The company, which has been struggling to restructure for the past several years and more recently fighting poor economic conditions and the strong Japanese yen, also warned it expects to lose money for a second year in a row.
Sony reported a net loss of ¥37 billion (US$388 million as of the last day of the period being reported) during the April to June period, a reversal from a ¥35 billion profit in the same period of 2008, as sales dropped 19 percent to ¥1.6 trillion.
More: http://computerworld.com/s/article/9136076/