Sony's Q1 2012 results are in, are grim

by Joystiq added 10 months ago 45 tweets
Sony's downward slide continues in the latest financial report from the Japanese multimedia company. A $312 million loss was recorded in Q1 2012 (April 1 - June 30, 2012) across many of Sony's divisions - music, film, televisions, mobile, cameras, and gaming - with only cameras and music pulling in any profit.

But hey, you don't care about cameras and TVs and stuff, right? Sony's gaming division incurred a $45 million loss - Vita's lackluster first year sales apparently weren't enough to counterbalance falling PlayStation 3 and PSP sales.

Worse, Sony doesn't see things looking up anytime soon, adjusting its fiscal year outlook downward due to an expected "severe operating environment," financially. "We have downwardly revised our consolidated results forecast for the current fiscal year, anticipating a severe operating environment from the second quarter onward resulting from uncertain foreign exchange rates and trends in the global economy."

JoystiqSony's Q1 2012 results are in, are grim originally appeared on Joystiq on Thu, 02 Aug 2012 09:15:00 EST. Please see our terms for use of feeds.

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