Home › DMW Daily › July 30, 2009

Sony Posts $391M Q1 Loss; Games, TV Sales Fall

Authored by Mark Hefflinger on July 30, 2009 - 9:48am.
Tokyo - Sony (NYSE: SNE) reported a loss of $391 million for its fiscal first quarter, hampered by a weak economy and a strong yen that both cuts into overseas revenue and increases production costs in Japan, The New York Times reported. Sales were down 19.2% from the same period a year ago, to $16.8 billion.

The Sony unit that includes its Bravia televisions, consumer still and video cameras, and Walkman music players saw sales drop 27.3%, to $8.1 billion.

The company's video game division saw an even more pronounced decline, with sales down 37.4% from a year ago to $2.6 billion.

One bright spot on Sony's balance sheet was its movie studio's performance, which posted a 6.5% increase in sales, boosted by "Angels & Demons."

 

Related Links:
http://www.nytimes.com/2009/07/31/business/global/31sony.html

Published in DMW Daily, July 30, 2009
tags: Games | TV | Sony | Sony Pictures | Retail | PlayStation 3 | Financials |



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