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Sony Second-Quarter Profit Falls 93%

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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7oc0ukaHGR8


Sony Corp., the world's second- biggest consumer electronics maker, said second-quarter profit fell 93 percent and the company cut its full-year forecast as a global recall of its notebook computer batteries widened.

Net income fell to 2 billion yen ($16.8 million) in the three months ended Sept. 30, from 28.5 billion yen a year earlier, the Tokyo-based company said in a preliminary earnings statement today. Annual profit is projected to slide 39 percent because of the recall and a delay in shipping PlayStation 3 game consoles.



WTF?? 93% - every other company would be broken by now. This is gonna be interesting if the PS3 is a succsess and if it can help sony to gain advantage. :x
 
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