Sony To Announce Second Consecutive Loss??? News
Jon Wilcox
26/07/2005
US financial news firm suggests that Sony may be about to announce the second straight quarter loss...
Bloomberg.com is today reporting that Sony may be about to announce the second consecutive quarterly loss on July 28th. According to the report Sony may announce that the two main factors for the continuing downturn in fortune are the falling prices of Wega televisions, and the increased costs of the PlayStation3.
The financial news organisation surveyed six analysts with the median estimate that Sony made a net loss of 19.4 billion yen ($174 million) in the quarter, which ended on June 30th 2005. If the expectations are met and Sony do post a loss on Thursday, it will be the first time that the company has experience a consecutive quarter loss.
Weâll have the financial results from Sony later this week.