Sony posts loss as demand for TVs falls

Sony posts loss as demand for TVs falls

Sony has said demand for flat screen televisions, video games and mobile phones continues to fall although it is still confident it will make a profit for the first time in five years.

The Japanese company now expects to sell 15.5 million TVs next year, around two million fewer than previously forecast.

Sony has posted a loss for the three months to June, blaming the crisis in the Eurozone and the rise in the value of the Yen.

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