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Sony sees PS3, flat TVs as keys to recovery

Sony is forecasting sharp falls in operating profits at many of its divisions for the year ahead as it reported a Yen 66.5 billion ($581 million) loss for the January-March quarter, worse than the Yen 56.5 billion ($501 million) loss in the same period last year.

It is the fifth year in a row in which the firm has made losses in the final fiscal quarter.

Sales for the quarter were up 8.7 percent to Yen 1.85 trillion ($20 billion).

"Sony sees PS3, flat TVs as keys to recovery" - 28.04.06


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