Wednesday, June 6, 2007
Sony Corp. took another blow with Nintendo Co.'s Wii game console outselling its PlayStation 3 by more than five to one in Japan last month, raising doubts over Sony's nascent earnings recovery.
Sony's game division posted an operating loss of 232 billion yen ($1.91 billion) in the year ended March 31 due to hefty start-up costs of the PS3, dragging down Sony's overall profitability.
There are investor concerns that a turnaround in its electronics division, led by robust sales of Bravia-brand flat TVs, could be offset by continued losses at the game unit.
By: DocMemory
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