Sony’s quarterly loss balloons on mobile woes
![Pic: AP.](http://asiancorrespondent.com/wp-content/uploads/2011/06/Sony2-621x280.jpg)
Pic: AP.
TOKYO (AP) — Sony Corp. says losses for July-September ballooned to 136 billion yen ($1.2 billion) as the Japanese electronics and entertainment company’s troubled mobile phone division reported huge red ink.
The Tokyo-based maker of the PlayStation 4 video game machines, Spider-Man movies and Xperia smartphones had reported a 19.6 billion yen loss for the same period a year earlier.
The results Friday came despite a 7 percent increase in quarterly sales to 1.9 trillion yen ($17.3 billion) as performance improved in cameras, TVs and game businesses.
Sony stuck to its forecast for the year through March 2015 at a 230 billion yen ($2.1 billion) loss.
Sony is struggling amid intense competition from Apple Inc. of the U.S., Samsung Electronics Co. of South Korea and a host of other cheaper Asian rivals.
READ MORE
- Safer Automation: How Sophic and Firmus Succeeded in Malaysia with MDEC’s Support
- Privilege granted, not gained: Intelligent authorization for enhanced infrastructure productivity
- Low-Code produces the Proof-of-Possibilities
- New Wearables Enable Staff to Work Faster and Safer
- Experts weigh in on Oracle’s departure from adland