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PS3 Causes Huge Loss For Sony PDF Print E-mail

ps3-consoleSony, the worlds 2nd largest consumer electronics maker, posted it's worst quarterly loss in 4 years. Sony reported losing roughly $630 million in the quarter ending March 31. Sony had some successes in it's Bravia TV division and certainly made mad bank off of Spiderman 3, but neither was enough of a success to offset the PS3's massive drag on earnings. Bloomburg reports...

May 15 (Bloomberg) -- Sony Corp., the world's second-largest consumer electronics maker, may report its biggest quarterly loss in four years after the PlayStation 3 game console failed to spur as much demand as Nintendo Co.'s Wii player.

The net loss at Tokyo-based Sony may have widened to 75.8 billion yen ($630 million) in the fiscal fourth quarter ended March 31, from 66.5 billion yen a year earlier, according to the median estimate of 11 analysts surveyed by Bloomberg. Sales probably rose 9.5 percent to 2.02 trillion yen, the survey showed.



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