Technology29.07.2008
Sony first-quarter profits slide
The electronics icon said it was hit by increasing price competition and losses at mobile telephone operator Sony Ericsson.
Net profits fell 47.4% to 34.98 billion yen (%326 million) in the three months to June as revenue edged up 0.1 percent to 1.98 trillion yen, a company statement said.
It cut its forecast for net earnings for the full fiscal year to next March to 240 billion yen from a previous projection of 290 billion yen.
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