Japan earthquake hits Sony profits

Sony sank to a 15.5bn yen (€138.94m) quarterly loss, hurt by the earthquake and tsunami in north-eastern Japan, a massive online security breach and plunging TV prices.

Sony sank to a 15.5bn yen (€138.94m) quarterly loss, hurt by the earthquake and tsunami in north-eastern Japan, a massive online security breach and plunging TV prices.

Sony Corp. had posted a 25.7bn yen (€230.37m) profit in the April-June period the previous year.

The Tokyo-based electronics and entertainment company Thursday lowered its profit forecast for the fiscal year ending March 2012 to 60bn yen (€537.83m) from 80bn yen (€717.24m) it gave in May.

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