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Opinion: How will Project 2025 impact game developers?
The Heritage Foundation's manifesto for the possible next administration could do great harm to many, including large portions of the game development community.
Sony Corp. reported first-quarter profits Thursday that reflected a 90 percent slide in earnings, due largely to weak performance in its electronics and telecommunications divisions.
Sony reported a group operating profit of 3 billion yen ($24.3 million), way short of analysts' expectations of a profit of somewhere between 26 billion ($210.4 million) and 37 billion yen ($299.4 million). The company posted a profit of 30.59 billion yen ($247.5 million) in the same period last year. The electronics division, which reported a loss of 18 billion yen ($145.7 million) for the same period last year due in large part to development and marketing costs related to the Playstation 2, improved its losses to 3.13 billion yen ($25.3 million) for this year. Sony has slashed its earnings forecast for the remainder of the fiscal year, which ends in March 2002, to 250 billion yen ($2.02 billion) down from 300 billion yen ($2.43 billion).
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