TOKYO: Sony Corp posted a surprise quarterly loss as the weak stock market ate into the value of securities held by its financial arm, but it forecast a bigger-than-expected profit this year as it boosts sales of digital cameras and flat TVs.
Sony, locked in a three-way battle with Microsoft Corp and Nintendo Co Ltd in the game industry, was able to narrow down losses in its videogame operations by cutting manufacturing costs of the PlayStation 3 game console.
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!