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Submitted by BIoodmask 924d ago | news

Sony Posts $390M Loss as PlayStation Sales Slump

Sony Corp. reported a second straight quarterly loss as the stronger yen pushed the company further behind Samsung Electronics Co. in television sales and the global recession drove down demand for video-game machines.

The net loss was 37.1 billion yen ($390 million) in the quarter ended June 30, compared with profit of 35 billion yen a year earlier (Industry, PS2, PS3, PSP)

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