Sony’s profits drop drastically this quarter, ‘Spider-Man 4′ needed badly

By in 70686 on July 29th, 2008

Filed under:

According to Sony’s latest earnings report, the company’s profits have dipped to almost half of what they were at this time last year. Analysts are citing a strengthened yen, the lack of a major Hollywood blockbuster like Spider-Man 3, and continuing issues with its mobile phone arm as core reasons for the slide. It’s no surprise that the company is taking a hit, especially after the outrageously poor

performance of Sony Ericsson, though the numbers reveal that even improved sales of the PS3 this quarter can’t sustain losses from core businesses like Sony BMG and fluctuating currency rates. Looks like the champagne will have to stay in the fridge this quarter.

Read | Permalink | Email this | Comments

Get it OnSale!electronics sale, computers for sale

Original Post By Google News Joshua Topolsky

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

« India developing $10 laptop, Gartner says $100 laptop “at least three years away.” We’re confused. Dell Studio Hybrid gets reviewed, does alright »