Sony profits went down 95 percent in the most recent quarter
January 29th, 2009 Leave a comment Visited 25 times, 1 so far today
Sony profits went down 95 percent in the most recent quarter
Japanese consumer electronics maker Sony has come out with their latest revenue report. The company has posted an astonishing drop of 95 percent in the profits in the October-December quarter.
The company suffered from poor sales of their products especially high end television sets, digital cameras and mobile devices.
Sony said in its report that net profit went down to $115.6 million in the quarter.
The revenues were also down 25 percent to 2.15 trillion yen from 2.86 trillion yen.
Sony had already stated several times in the recent months that they were having a terrible quarter.
The result was as a result as per the market expectations.
digital cameras, Japan, mobile devices, Revenues, Sony, Television
Manuj Kumar
Category: Revenue Reports
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