Sony’s PlayStation business was one of a few bright spots from its latest financial report , which was over-shadowed by a near-billion dollar write-down for its film business.
The Japanese tech giant posted a 19.6 billion JPY ($169 million) profit on revenue of 2,397.5 billion JPY ($20.7 billion) for Q3. Revenue was down seven percent year-on-year, but net profit sunk by 84 percent on unfavorable foreign currency rates and a 112.1 billion JPY ($920 million) impairment charge of goodwill for Sony Pictures, announced earlier this week .
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USA — software Sony’s profit drops 84% to $169M as film business takes $920M write-down