Sony having problems moving past the quake

Stefan Mileschin · 3rd November 2016, 10:39

Sony does not seem to have moved past the curse of Poseidon the god of earthquakes who seems to have put his trident firmly in the outfit’s bottom line.

Sony delayed its earnings forecast from late April after quakes shook the southern city of Kumamoto, home to one of its five image sensor plants. It partially resumed operations this month and on Tuesday said wafer production would resume by the end of August.

The outfit reported a 48 percent drop in operating profit for the July-September quarter as earthquake damage continued to affect its cash-cow imaging sensor business.

http://www.techeye.net/business/sony...past-the-quake

3rd November 2016, 10:39	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Sony having problems moving past the quake Sony does not seem to have moved past the curse of Poseidon the god of earthquakes who seems to have put his trident firmly in the outfit’s bottom line. Sony delayed its earnings forecast from late April after quakes shook the southern city of Kumamoto, home to one of its five image sensor plants. It partially resumed operations this month and on Tuesday said wafer production would resume by the end of August. The outfit reported a 48 percent drop in operating profit for the July-September quarter as earthquake damage continued to affect its cash-cow imaging sensor business. http://www.techeye.net/business/sony...past-the-quake

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