Sony preparing for another quarter of losses
by Ross Miller 
{ Jul 27th 2005 at 6:30PM }
Coming right after news of EA's sad quarter, it seems analysts are expecting Sony to report a loss of $174 million for the fiscal quarter of April through June. While it is nowhere near as bad as their $535 million loss the quarter prior, it is reportedly the first time in four years that Sony has announced two quarters in a row of losses. And likely things will pick up as the holiday season nears.
The loss amount is just an estimated guess by Bloomberg Business Wire, based on analyst polls, and the real amount
will be announced on Thursday. This really doesn't affect the consumer - who would refuse to buy a PlayStation
based on quarterly profit reports? - but for the bigwig investor, this is important. I think.
[via GameSpot]
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