Wednesday, April 28, 2004

BBC NEWS | Business | Sony hit by drop in games sales

BBC NEWS | Business | Sony hit by drop in games sales: "Japanese electronics giant Sony has reported a 23% drop in annual net profit, due to declining Playstation sales and heavy restructuring costs.
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In addition, its game division suffered a 40% profit decline in 2003/04 as demand for PlayStation 2 game consoles fell. Sony predicted the game unit's profits would fall further this year as PlayStation 2 demand continues to wane and as Sony funds development of its new hand-held game machine, PSP.
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While Sony was unveiling a decline in profits, other tech firms were reporting better fortunes."
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