October 26, 2006 - Sony reported its income for the fiscal period ended September 30, and as predicted times are hard for the company. Sony's net quarterly profit dropped to 1.7 billion yen (approx. $14.7 million US) from the 28.5 billion yen (approx. 241 million US) from the year earlier. On the upside, overall revenue for the quarter rose 8 percent to 1.85 trillion yen (approx. $16 billion) from the 1.7 trillion yen (approx. $14 billion US) from the same time a year earlier.
Sony Corp.'s Executive Vice President and Chief Financial Officer Nobuyuki Oneda has a bad day.
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