Sony Posts Nearly $400 Million Loss Last Quarter

Sony, just about the biggest and most far-reaching electronics manufacturer around, announced a first-quarter loss of $US390.5 million. They’ve been taking a beating across the board from Apple, Nintendo, Nokia, Canon and Samsung, and aren’t excelling in any one field.

Sony’s suffered through management shakeups and a lack of vision lately, and while this specific news is a little industry-insider, it will definitely have an effect on the juggernaut’s product lineup. Sony may well leave certain sections of the industry behind, most probably their Sony Ericsson imprint, but Sony’s pretty much getting kicked around on all fronts. They’re a legendary company and they’re not going anywhere, but we really hope they change their ways and start busting out some exciting, groundbreaking new products like back in the glory days. [New York Times]

Discuss

(2 Comments)
  • [–]

    Brett Ironmonger

    Friday, July 31, 2009 at 9:59 AM

    Serves them right for inventing the memory stick.

  • [–]

    Que

    Friday, July 31, 2009 at 3:19 PM

    remember when I was in my teens I believed that everything Sony produce would be gold… nowadays I avoid buying anything from Sony, mainly due to their stupid memory card don’t fit in anything else that I have. also I am definitely not buying that Bluray thing anytime soon.

    There it is, eating their own feet for having their own standards. and Apple can laugh now with their multi touch phone patent, but they will be the next one for having none exchangeable battery and mem card, as well as that pretentious iTune.

Join The Discussion