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Sony’s 4th quarter profits down 95 percent

Posted in Sony by Conner Flynn on January 29th, 2009

Sony’s 4th quarter profits down 95 percentIt isn’t any secret that things are tough all over. Every company out there is hurting, but Sony’s 4th quarter numbers are really bad. We’re talking a 95% drop in profits.

They managed to pull in only 10.4 billion yen during the 4th quarter, having done 200.2 billion yen the previous year. The numbers tell you that the holiday season was a complete bust for Sony. TVs, PS3s and PSPs just weren’t on people’s lists. The fault lies with you and I, who did not buy/want Sony products.

The company doesn’t seem to be headed in the right direction. They should probably pay more attention to what Apple is doing.

[Crunchgear]

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