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Electronics Production | October 19, 2006

Batteries to burn up Sony profits

Sony has slashed its full-year net profit forecast by nearly 40% to $670m. This depends on defective battery crisis and problems with its PlayStation 3 console.

The company said that it would take a hit of about $400m in the year to the end of March from a series of recalls of its lithium-ion laptop batteries, RTE reports. According to RTE Sony has also warned of an increased operating loss in the games business due to a price cut in Japan for the upcoming PlayStation 3.
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