Sony says half-year loss balloons six-fold to almost $1.0 bn | business | Hindustan Times
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Sony says half-year loss balloons six-fold to almost $1.0 bn

Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the fiercely competitive smartphone business.

business Updated: Oct 31, 2014 12:10 IST

Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the fiercely competitive smartphone business.

The firm said its net loss came in at 109.1 billion yen, way up from a loss of 16.5 billion yen in the same period last year.

Sony's operating loss of 15.8 billion yen reversed an profit of 49.4 billion last year, although sales ticked up 6.5% to 3.71 trillion yen.