Sony Slips Further Into The Red, Clings To Dying Handheld Market

[news 28]

Sony is halfway through an ugly restructuring period as it seeks to cut

costs, consolidate markets, and turn its once-mighty television business

around. That's a difficult proposition for any company, but the Japanese

giant's recent earnings call was gloomy even under these circumstances.

Modest upticks in Imaging Products and Services and Pictures were offset by

heavy declines in gaming, home entertainment, and music. The company

reported a $314M loss for its first quarter of fiscal year 2012 and cut

forecasts for a number of markets.

 

Sony pinned part of the blame on continuing economic turbulence in Europe

and America, but investors weren't willing to accept this as the sole

explanation.

 

What the company refuses to do is admit that the Vita is dead on arrival.

 

Sony Slips Further Into The Red, Clings To Dying Handheld Market:

http://hothardware.com/News/Sony-Slips-Further-Into-The-Red-Clings-To-Dying-

Handheld-Market/

 

Thanks for stopping by.

 

Bests,

Dave Altavilla

HotHardware.com