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]