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FEB 06, 2014 - TheStreet

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Sony Splinters Apart

NEW YORK (TheStreet) -- Sony consists of some divisions that are spectacularly successful and others that are spectacular failures. The result is usually "meh." But a big shakeup is in the works. The company reported what seemed like a great December quarter from Japan early today. Sales were reported at $22.979 billion, up 24% from a year before, and operating income was reported at $860 million, up 94.6%. [Read: Amazon Could Be Preparing a Video Game Console] But Sony admitted this was due entirely to the yen, which fell from an average value of 81.2 yen to the dollar a year ... Read More

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