Sony trims quarterly loss to $115 million

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A shopper takes a look at Sharp’s Aquos flat-panel TVs at an electronics store in Tokyo in this January 31 photo. AP

TOKYO—Sony is still struggling but has reduced its red ink for the latest quarter to a 10.7 billion yen ($115 million) loss.

The Japanese electronics and entertainment company reported a 158 billion yen loss the same period the previous year.

Its result Thursday showed that quarterly sales inched up nearly 7 percent to 1.95 trillion yen ($21 billion) despite declining sales of gadgets such as flat-panel TVs and Blu-ray video recorders as Sony got a perk from a weaker yen.

The yen has been weakening because of expectations the central bank will ease monetary policy. A weak yen generally helps Japanese exporters such as Sony by boosting overseas profits.

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  • http://pulse.yahoo.com/_FXE5E2IOEENUSMTFLDFM5OFFNQ alvin

    Sony the best !!!

  • http://pulse.yahoo.com/_FXE5E2IOEENUSMTFLDFM5OFFNQ alvin

    Sony wake up !!! nagpabaya kc ang sony ng ilang taon,ngayon nauunahan na kayo ng nangongopya sa inyo..sana maghigpit na ang sony sa mga patent nila para wag makopya,at pagtuunan yung advertise nila,hina kc masyado kaya nauunahan sila eh 

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