TOKYO: Sony Corp, the world’s largest consumer electronics maker, shocked investors yesterday by falling far short of earnings targets and projecting a profit slide, blaming war worries and a costly restructuring plan.
Sony’s hit film, Spider-Man, and popular PlayStation 2 games, which powered it to record profits in October–December 2002, could not save it from falling deeply into the red in the latest quarter as consumers shunned its colour TVs and Vaio personal computers during the build-up to war in Iraq.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
