Sony’s profits drop as it warns of the impact from US movie strikes

TOKYO (AP)– Sony’s April-June earnings slid 17% from a year previously, as fears expanded regarding income damages from a strike in the movie field, the Japanese electronic devices as well as amusement business claimed Wednesday.

Tokyo- based Sony Corp.’s monetary very first quarter earnings amounted to 217 billion yen ($ 1.5 billion), down from 261 billion yen a year back.

Quarterly sales climbed 33% to 2.96 trillion yen ($ 21 billion), as sales for the duration expanded in video games as well as network solutions, the songs company, monetary solutions as well as imaging remedies.

Sony claimed its outcomes obtained an increase from a beneficial currency exchange rate. The yen has actually been decreasing recently, trading at regarding 143 yen to the buck, as well as a weak yen is an and also for Japanese merchants like Sony.

Sony’s income in the motion pictures sector was anticipated to experience due to the fact that of the strikes by the Writers Guild of America, …