Business Moves

Sony’s 3Q losses pile pressure on management

By Dan Slater | 30 January 2009
Keywords: sony | earnings | flint

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The company blames the strong yen, but some analysts are not convinced. How long can the CEO hang on?

Sony yesterday announced an operating loss of ¥18 billion ($197 million) for the crucial Christmas quarter of fiscal 2008 (ending March 2009), compared to a gain of ¥236.2 billion for the same October-December period in 2007.

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