Sony in the red due to quake-hit production

<div dir="ltr" style="text-align: left;" trbidi="on"> <span class="Apple-style-span" style="border-collapse: separate; color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: small; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 24px; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><div style="background-color: white; color: #444444; font-family: Georgia,'Times New Roman','Bitstream Charter',Times,serif; font-size-adjust: none; font-size: 13px; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: 19px; margin: 0px; max-width: 640px; padding: 0.6em;"> <div mce_style="text-align: center;" style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px; text-align: center;"> <img alt="" class="aligncenter" height="90" mce_src="http://img851.imageshack.us/img851/9710/sonylogo200200.jpg" src="http://img851.imageshack.us/img851/9710/sonylogo200200.jpg" style="border-width: 0px; clear: both; color: #444444; display: block; font-family: Georgia,'Bitstream Charter',serif; line-height: 1.5; margin: 0px auto 12px; max-width: 640px;" width="120" /></div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> Sony has reported that it made a net loss of 15.5 billion yen (£122 million) for the three months from April to June 2011, with sales declining by 18 per cent year on year.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> It blames the chasm in its finances on the earthquake that hit Japan earlier this year, which caused production delays and squeezed component supplies.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> It also reckons "unfavourable exchange rates" and "the deterioration of the electronics business environment" have had a negative impact.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> <span class="Apple-style-span" mce_name="strong" mce_style="font-weight: bold;" style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-weight: bold; line-height: 1.5;">TVs down, gaming weird</span></div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> The worst hit department was Sony's TV unit, which has also revised its sales forecast for the rest of the year downwards.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> Sony's computer entertainment division had some interesting news; PlayStation 3 sales are down, possibly due to the PSN hack that took the gaming network down for over a month earlier this year.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> However, the outdated PS2 has seen sales remain pretty steady, down by only a couple of hundred thousand compared to the same period last year.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> Also weirdly, the PSP handheld console has had a bit of a boom with a 600,000 sales increase to 1.8 million, no doubt due to attractive price cuts and new bundles in advance of the launch of the PS Vita next year.</div> <div style="color: #444444; font-family: Georgia,'Bitstream Charter',serif; font-size: 16px; line-height: 1.5; margin-bottom: 24px;"> With regards to the cyber attacks on the PSN, Sony notes, "Most recently, user logins to PlayStation Network in North America have returned to a similar level as before the cyber attacks."</div> </div> </span></div>

Sony in the red due to quake-hit production

Sony has reported that it made a net loss of 15.5 billion yen (£122 million) for the three months from April to June 2011, with sales d...

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