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Sony’s profits drop as it warns of the impact from US movie strikes

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TOKYO (AP) — Sony’s April-June profit slipped 17% from a year earlier, as worries grew about revenue damage from a strike in the movie sector…
Sony’s April-June profit slipped 17% from a year earlier, as worries grew about revenue damage from a strike in the movie sector, the Japanese electronics and entertainment company said Wednesday.
Tokyo-based Sony Corp.’s fiscal first quarter profit totaled 217 billion yen ($1.5 billion), down from 261 billion yen a year ago.
Quarterly sales rose 33% to 2.96 trillion yen ($21 billion), as sales for the period grew in games and network services, the music business, financial services and imaging solutions.

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