Japanese electronics giant Sony said falling sales of television and sound systems, especially in emerging markets, had undercut its third quarter results.
On the plus side, Playstation is still a big money spinner.
Sony reported revenue for the quarter to 31 December, 1998, at 1,948 billion yen, down 3.2 per cent on the same quarter in 1997. Operating profit fell 20 per cent to 175 billion yen (#950 million) for the quarter. Net profit, however, rose 1.8 per cent to 112 billion yen.
Although TVs and sound systems sales fell, digital cameras and video cameras sales rose. Cut throat price wars in mobile phones, CD-Rom drives and monitors, however, dented profits.
Playstation, which is now the most profitable part of Sony?s business, continues its meteoric rise. Sony said there was no hint that the rival machine from Sega, the Dreamcast console, had stunted Playstation sales.
Sales in emerging markets, including China, South and Central America and Russia, were down in all areas.
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