Phones and games to blame...
By Tony Hallett, 27 July 2001 07:50
NEWS Shares in Sony have been hit hard after the company reported big losses for its most recent quarter, largely due to a recall of 3G handsets supplied to NTT DoCoMo in Japan and poor games sales. The company lost up to 14 per cent of its market value as analysts reacted to a first quarter loss of Y30.1bn (£171m) on sales up 4 per cent at Y1.64tr (£9.2bn). The Japanese giant has revised its full year forecasts, reducing profit expectations by 40 per cent.
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