November 1, 2012

Sony’s Financial Fortunes Start to Change

Sony has announced its second-quarter financial results today and, while they still make grim reading taken alone, it looks like the Japanese tech giant is experiencing at least a small change in its fortunes.

While the compnay has announced a loss of $198 million on $20.5 billion in revenue for the second quarter of 2012, that’s far better than the same period last year, which clocked up a loss of $350 million. Perhaps most impressively, the improvement comes on the back of plenty of hiccups at Sony — including issues in China that apparently cost $375 million.

Read more at Gizmodo
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