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Sony sinks to $1.3 billion quarterly loss on PC expenses

LiveMint logoLiveMint 14-05-2014 AP

Tokyo: Sony Corp. sank to a ¥138 billion ($1.3 billion) quarterly loss because of expenses related to exiting the personal computer(PC) business.

The Tokyo-based maker of the PlayStation 4 game machine, Bravia TV and Walkman digital player also reported on Wednesday a loss of ¥128.4 billion ($1.3 billion) for the fiscal year through March 2014.

It had recorded a ¥41.5 billion profit the previous fiscal year. For January-March last year, Sony had reported a ¥93 billion profit.

Earlier this month, Sony had acknowledged it would end up with more red ink for the fiscal year than it had earlier forecasted, because of costs related to its Vaio PC operations and a drop in the value of its overseas disk manufacturing business. AP

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