Tough Pill: Sony Swallows $115 Million Net Loss

Maximum PC: Sony reported its financial earnings (PDF) for its third fiscal quarter ended December 31, 2012, noting that it generated revenue of $22.4 billion, up 6.9 year-over-year. Unfortunately for Sony, it added up to a net loss of $115 million, though there's actually a couple of reasons why the company shouldn't be too disappointed. For one, that's compared to a $1.7 billion loss a year prior. And secondly, Sony ended up with an operating profit of $534 million for the quarter, putting the company in the black for its fiscal year.

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newsguy4184d ago

That's rough. It seems like Samsung is the new Sony.

mushroomwig4179d ago

Every company has their ups and downs, Sony are bouncing back judging from the fact their losses are shrinking with each new report. I think their new smartphone will make a big dent in Samsungs earnings.

At the end of the day, Sony are back in the black so they'll be happy.


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