Sony has announced its financial results for the first quarter of its fiscal year, and as expected for a company in transition they don't make for pleasant reading — it managed to lose $312 million off sales of $19.2 billion. Sony actually increased its sales year-on-year by 1.4 percent, attributed to the consolidation of Sony Mobile, but $143 million in restructuring costs caused operating income to slide from $270 million to $79 million. Together with the high yen and unstable situation in Europe, the company has downgraded its operating profit forecast for the year from $2.29 billion to $1.66 billion.
The company's few profitable areas right now are its imaging, components, and music businesses, while the gaming, home entertainment,...
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