Panasonic reports loss on slump, price falls, retirement expenses that offset cost cutsAugust 3rd, 2009 Panasonic reports loss on slump, price fallsTOKYO — Panasonic Corp. posted a 52.98 billion yen ($558 million) loss as sliding sales, falling gadget prices and restructuring costs kept the Japanese electronics maker in the red for a third straight quarter.
Sony reports 37.1 billion yen loss first quarter, keeps forecast for more red inkJuly 30th, 2009 Sony reports quarterly loss, expects more red inkTOKYO — Sony Corp., maker of the hit PlayStation game console, reported a smaller-than-expected quarterly loss but maintained its forecast for more red ink as it takes a beating from the strong yen and slumping global electronics sales. The Japanese electronics and entertainment company said Thursday its net loss for the fiscal first quarter was 37.1 billion yen ($390.5 million) compared with a 35 billion yen ($368.4 million) profit in the April-June period a year earlier.
Samsung reports its first quarterly lossJanuary 22nd, 2009 SEOUL - Samsung Electronics Co, the leading South Korean electronics maker, posted its first quarterly loss, saying Friday that it was 20 billion won ($14.59 million) in the red in the final quarter of 2008. The world's largest maker of memory chips and liquid-crystal displays said the falling prices of memory chips and sinking demand for electronics during the global economic downturn was the cause for the loss after it had seen a profit of 2.21 trillion won in the same quarter a year earlier.
Take-Two cuts quarterly profit and revenue outlook on BioShock 2 delay, weak retail salesJuly 14th, 2009 Take-Two cuts outlook on BioShock 2 delaySAN FRANCISCO — Shares of Take-Two Interactive Software Inc. plunged 13 percent in after-hours trading after the video game maker cut its financial outlook, citing lackluster orders from retailers and the delay of a popular new title.
Sony reports $391 million quarterly loss, keeps forecast for more red inkJuly 30th, 2009 Sony quarterly loss $391 mln, expects more red inkTOKYO — Sony Corp. stuck to a forecast for big full year losses, citing falling gadget prices and a shaky global recovery, even as it posted less-dismal-than-expected results for the fiscal first quarter.
Sony reports 98.9 billion yen loss for fiscal year amid global slumpMay 14th, 2009 Sony reports 98.9 billion yen annual lossTOKYO — Sony is reporting a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years. The Japanese electronics and entertainment company says Thursday its global sales fell 12.9 percent for the year amid the economic downturn.
Microsoft cutting price of high-end Xbox 360 by $100August 27th, 2009 Microsoft cutting price of high-end Xbox 360NEW YORK — Microsoft Corp. is slashing the price of the high-end Xbox 360 console by $100, matching Sony's $100 price cut for the PlayStation 3 last week.
Toshiba books $614 million loss in first quarter, 5 times worse than year earlier periodJuly 29th, 2009 Toshiba quarterly loss swells to $614 millionTOKYO — Toshiba's red ink swelled to 57.8 billion yen ($614 million) in the April-June quarter, hit by losses on asset sales and weakness at its consumer electronics and chipmaking businesses. The loss for the fiscal first quarter was five times bigger than a year earlier when the Japanese conglomerate, which makes everything from nuclear power plants to household electronics, recorded a 11.6 billion yen loss.
Sony cuts price of PlayStation 3 by $100 to $299, plans new, slim versionAugust 18th, 2009 Sony cuts price of PlayStation 3 by $100NEW YORK — After months of rumors and anticipation, Sony says it's slashing the price of the PlayStation 3 by $100 to $299. Sony Corp. said Tuesday it will cut the price of the currently available 80 gigabyte PlayStation 3 effective immediately.
Apple posts $1.21 billion profit; iPhone sales surge 123 percentApril 23rd, 2009 NEW YORK - The economic slump seems to have no impact on Apple Inc. as Cupertino-based electronic and software giant posted a quarterly profit of $1.21 billion on revenue of $8.16 billion Wednesday.
US video game retail sales fall once again in August, says NPDSeptember 11th, 2009 NPD: Video game sales slide again in AugustNEW YORK — Retail sales of video games have declined for six straight months. Analysts are blaming the slow August — which was expected — in part on a disappointing showing from the latest "Madden" title from Electronic Arts.
Toyota cuts annual production goal by 28 percent to lowest in 7 yearsMay 13th, 2009 Toyota cuts annual production goal to 7-year lowTOKYO — Toyota Motor Corp. said Wednesday it will cut vehicle production 28 percent this year to its lowest level in seven years.
Panasonic incurs first annual loss in six yearsMay 15th, 2009 TOKYO - Panasonic Corp suffered its first annual loss in six years because of shrinking demand and harsh price competition amid the global economic downturn, the company said Friday. Panasonic joined other Japanese electronics' companies in reporting a net loss for the year that ended March 31.
Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this yearMay 14th, 2009 Sony reports $1 bln annual loss, sees more red inkTOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.
Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this yearMay 14th, 2009 Sony reports $1B annual loss; sees more red inkTOKYO — Sony Corp. reported a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.
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