Sony has posted today the results of its 4th quarter earnings which indicate a considerable drop of 95% in the company’s net profits.
According to the company, the sluggish holiday shopping season was the real culprit in their worse-than-expected quarterly results. In this quarter, different electronic items like cameras, TV and cell phones weren’t in people’s priority lists.
This huge drop in company’s profits came at the first time when the electronic division of the company posted its first ever operating loss. The company posted its first operating loss in 14 years.
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