Sony may suffer first operating loss in 14 yearsJanuary 12th, 2009 TOKYO - Japanese electronics giant Sony is expected to suffer an operating loss of about 100 billion yen ($1.12 billion) in the fiscal year ending March 31, 2009, its first loss since 1995, media reports said Tuesday. The projected loss, apparently because of a strong yen and sluggish sales of flat-screen televisions and other products, marks a major turnaround from a projection last October of an operating profit of 200 billion yen, Kyodo News reported citing sources.
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.
Sony president to step down in April as record loss expectedFebruary 27th, 2009 TOKYO - Sony Corp's president is to resign in April as the company was forecasting a record loss in the current business year because of a surge in the yen's value and declining sales, it said Friday. The Japanese electronics giant announced that Ryoji Chubachi would step down and chairman Howard Stringer would serve in both posts as the firm seeks to achieve a recovery in its core electronics business.
Toshiba considering products in the Blu-ray format that beat its HD-DVD standardJuly 21st, 2009 Toshiba likely to embrace one-time rival Blu-rayTOKYO — After losing its battle to make the HD-DVD the successor to the DVD, Toshiba Corp. is considering making products in the winning format, Blu-ray.
Toyota to suspend production at Japanese line amid plans to lower annual outputAugust 26th, 2009 Toyota to cut production capacity at Japan factoryTOKYO — Toyota Motor Corp. said Wednesday it plans to cut production capacity at one of its factories in Japan.
THQ to offer $90 million of convertible senior notes, use proceeds for corporate purposesJuly 28th, 2009 THQ to offer $90 million of notesAGOURA HILLS, Calif. — Video game publisher THQ Inc.
Sony incurs first net loss in 14 yearsMay 14th, 2009 TOKYO - Sony Corp suffered its first annual net loss in 14 years as the yen's rise against the dollar and harsh price competition amid the global economic downturn drove consumers away, the company said Thursday. Sony reported 98.9 billion yen ($1.03 billion) in net loss for the fiscal 2008 year against a 369.4-billion-yen net profit the year before.
Sony to launch motion controller for PlayStation 3 in spring 2010September 24th, 2009 Sony to launch new motion controller next springNEW YORK — Sony plans to release a new motion controller next spring for the PlayStation 3 video game console. The controller will work with the PlayStation Eye camera, which can track players' voices, faces and body motion.
Summary Box: Sony cuts price of PlayStation 3 console by $100 ahead of holidaysAugust 19th, 2009 Summary Box: Sony cuts price of PS3 by $100GEARING UP FOR HOLIDAYS: Sony Corp.'s move to cut the price of its PlayStation 3 console by $100 comes well ahead of the holiday season and should boost sales not just for Sony but the video game industry as a whole during this important period. LONG EXPECTED: The 80-gigabyte PS3 will now cost $299 and a slimmer, lighter one is planned for the same price.
Mobile phone maker Sony Ericsson posts 2Q net loss of €213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Mobile phone maker Sony Ericsson posts 2Q net loss of euro213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Microsoft, Verizon in talks to launch iPhone rival: reportApril 29th, 2009 SAN FRANCISCO - Microsoft is in discussions with Verizon Wireless to launch a touch-screen multimedia cellphone in the US early next year in a bid to compete with Apple's iPhone. While Microsoft is involved in the design of the phone's software and hardware, a third-party is expected to make the device, The Wall Street Journal reported, quoting sources close to the development.
Electronic Arts CEO John Riccitiello talks about possible console price cutsAugust 5th, 2009 On the Call: EA CEO John RiccitielloVideo game publisher Electronic Arts Inc. posted better-than-expected results for its fiscal first quarter Tuesday, and reaffirmed its adjusted guidance for the full fiscal year.
Report: 8 Singapore teen 'slayers' planned group suicideSeptember 8th, 2009 Report: S'pore teen 'slayers' planned mass suicideSINGAPORE — A Singapore newspaper says eight teen fans of the video game Slayers planned to commit suicide together last month, but most backed out after watching two of them jump to their deaths. The New Paper says Tuesday that according to a police investigation, 16-year-old Ku Witaya, a self-proclaimed Taoist medium, convinced his younger brother and six other boys that they had to die to become 'slayers' who would kill demons in a World War III.
BlackBerry co-CEOs in Canada get astronomical salariesJanuary 1st, 2009 TORONTO - BlackBerry founder Michael Lazaridis and his co-CEO James Balsillie were top grossers among Canada's best paid 100 CEOs who collectively earned a whopping $1 billion in 2007. While Lazaridis' pay package stood at $51.5 million, RIM co-CEO Balsillie earned $32.05 million, said a report by the Canadian Centre for Policy Alternatives (CCPA) here Thursday.
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