Sony's profit falls on yen, lagging cellphones, Japan quake

Friday, July 29, 2016 - 07:31 in Mathematics & Economics

Sony Corp.'s fiscal first-quarter profit dipped 74 percent to 21.2 billion yen ($205 million), as earnings got hammered by a strong yen and lagging smartphone sales, and a quake that struck southwestern Japan caused damage and production halts in its semiconductor business.

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