Sony trims quarterly loss to $115 million
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.