Sony announced its second-quarter financial results today, and things are beginning to turn around following last year’s $5.7 billion loss and a disappointing first quarter. While the company lost 198 million dollars on $20.5 billion in sales , it was a significant improvement over both last quarter's $312 million loss and a $350 million loss at the time last year.
Since CEO Kazuo Hirai took control of the company earlier this year, Sony has been focused on what it identified as its core businesses, including gaming, imaging, and mobile devices. And as part of a grander cost-cutting initiative, Hirai announced in April that he would be cutting 10,000 jobs across the company.
via The Verge - All Posts http://www.theverge.com/2012/11/1/3584446/sony-q2-2012-financial-results
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