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Sony lowers forecast after battery recall, PS3 delay

Posted: 23 Oct 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Sony Corp.? profit? battery? Li-ion? Playstation 3?

Sony Corp. has revised its business forecast downward as a result of a huge Li-ion battery recall and a delay in the introduction of its Playstation 3.

Though the company's sales forecast of about $69.4 billion has not changed, operating profits is estimated to be by $422 million, down 62 percent from a July forecast. Net profit was revised downward to $67 billion, or 38 percent less than the previous forecast.

Sony plans to set aside about $431 million to cover the replacement of faulty battery packs used in notebook PCs made by Dell, Apple, Lenovo and others that used its Li-ion batteries.

Playstation 3 is scheduled to hit stores here in the middle of November, but shipments have been reduced to 1 million units by year's end, half the original plan due to a production glitch in blue lasers for Blu-Ray disc drives.

- Yoshiko Hara
EE Times

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