TOKYO (AP) — Sony Corp. says its April-June profit plunged to $327
million (34.98 billion yen) — about half what the Japanese electronics
and entertainment company recorded the previous year.
Faltering
results at its mobile phone joint venture Sony Ericsson, price
competition in its core electronics sector and a strong yen that eroded
sales were behind the results released Tuesday.
The absence of a
blockbuster film like "Spider-Man 3," which lifted performance in
Sony's movie division a year ago, didn't help.
In a bit of bright
news, the Tokyo-based maker of the PlayStation 3 and Walkman player
turned profitable in its game section in contrast to losses the
previous year.
From : http://ap.google.com/
