Sony continued its run of quarterly losses and showed a net loss of 26.3 billion yen ($292 million) for its second quarter with a decline in sales at Sony Pictures, Consumer Products (TVs), Sony Ericcson and Sony Computer Entertainment, the company reported today. These #s compare with their profit of 20.8 billion yen a year ago, making this current quarter Sony's fourth straight quarterly decline.
Sales for the quarter that ended September 30, 2009 also went southward, dropping 19.8 percent to 1.66 trillion yen ($18.26 billion) from 2.07 trillion yen in the year-ago quarter.
Recent cost cuts, that included layoffs, and increased sales of the price reduced Playstation 3 game console provided some relief, but Sony was hurt by a downturn in sales for its Playstation 2 despite its recent claims that PS2 was "showing no signs of slowing down." Weak demand for the Vaio line of PCs, also dragged down the quarter and had revenue in the Networked Product and Services division, which includes Sony Computer Entertainment, fell 24.2 percent to 352.6 billion yen from 465.2 billion yen in the year-ago quarter.















