Sony reports $1 billion annual loss and plans to close 3 plants; sees more red ink this yearSony reports $1B annual loss; sees more red ink TOKYO — 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 yearSony reports $1 bln annual loss, sees more red ink TOKYO — 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, plans to close 3 plants; forecasts larger loss this yearSony reports $1 billion annual loss TOKYO — Sony Corp. reported Thursday a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years, and forecast its red ink to swell this year amid a serious downturn in global electronics demand. Sony reports $1 billion yen annual loss and forecasts larger shortfall this fiscal yearSony reports $1 billion yen annual loss TOKYO — Sony Corp. reported Thursday a 98.9 billion yen ($1 billion) loss for the fiscal year ended March, its first net loss in 14 years, and forecast its red ink to swell this year amid a serious downturn in global electronics demand. Sony battles global electronics downturn, strong yen in expecting first net loss in 14 yearsSony expects first loss in 14 years amid downturn TOJYO — Japanese electronics and entertainment company Sony Corp. reports its fiscal fourth quarter and full year earnings on Thursday. The following is a summary of key developments and analyst opinion related to the period. Nintendo reports 8.5 percent rise in profit on healthy Wii, DS demand despite global woesNintendo’s annual profit rises 8.5 percent TOKYO — Nintendo Co. reported an 8.5 percent rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers. Electronic Arts posts smaller 4th-quarter loss despite sales slump as costs declineEA posts smaller 4Q loss as costs decline NEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches. Electronic Arts posts smaller 4th-quarter loss, lower revenueElectronic Arts posts smaller 4Q loss NEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches. Game maker pulls plug on ‘Six Days in Fallujah’ video game after criticismCompany pulls plug on ‘Fallujah’ video game NEW YORK — The publisher behind a video game based on one of the Iraq war’s fiercest battles has pulled the plug on the title, called “Six Days in Fallujah.” Review: Looking for gems in the iPhone’s massive game libraryReview: Looking for gems in iPhone’s game library Nintendo has owned the portable video-game market — first with the Game Boy, now with the DS — for so long that most of us gave up hope of ever seeing a viable competitor. But it’s become impossible to ignore the new kid on the block: Apple’s iPhone, whose game library has quickly overwhelmed Nintendo’s. |
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