Sony posts loss, cites battery recall
Sony said on Thursday it swung to a quarterly loss due to the mounting cost of recalling millions of computer batteries, coming in sharp contrast to a surge in profit at rival Nintendo on its hit DS handheld game machine.
The deep loss at Sony comes despite the boost of a softer yen and robust sales of flat TVs and digital cameras, factors that are expected to lift earnings at Panasonic maker Matsushita Electric Industrial, which reports on Friday.
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