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{ 2008 10 29 }

Sony’s Quarterly Profit Falls by 72 Percent

Sony reported a 72% drop in profit in the most recent quarter, hurt by a stronger yen and the global slowdown. (Ouch!)

Drops in global and particularly American demand have been blamed, contradicting the once popular notion that Asian economies were decoupling from the United States.

Read (New York Times)

Posted by Steve Jenkins on Wednesday, October 29, 2008. Filed under Economy. Follow any responses to this post with its comments RSS feed. You can post a comment or trackback from your blog.

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