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Sony reports US1B annual loss

AP News notes that Sony reported a JPY98.9 billion (US$1 billion) loss for the fiscal year ended March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a serious slump in the global electronics market.

Report: Sony plans PlayStation gaming phone

Japan’s Sony is planning to develop a mobile device based on its popular PlayStation platform that will combine mobile phone and portable gaming functionality, reports Reuters, citing Japan’s Nikkei business daily.

Ericsson sticks with Sony Ericsson

Ericsson has reaffirmed plans to continue its struggling joint handset venture with Japan’s Sony, reports Reuters.

New Sony e-book reader US100 cheaper than Kindle

Cellular News notes that Sony is determined to recapture consumers’ attention with an e-book reader that is smaller and US$100 cheaper than Amazon’s Kindle. Sony is expected today to announce that it will release the ‘Reader Pocket Edition’ by the end of August.

 

Ericsson CEO: Banks will support Sony Ericsson

Ericsson’s outgoing CEO Carl-Henric Svanberg has reaffirmed the Swedish vendor’s commitment to Sony Ericsson, its loss-making handset joint venture with Japan’s Sony.

Sony develops lithium iron phosphate battery

Sony has announced a new type of lithium ion rechargeable battery that combines high-power and long-life performance, using olivine-type lithium iron phosphate as the cathode material, notes Telecompaper.

Sony to up joint procurement with handset unit

Japanese consumer electronics giant Sony is to increase the number of components it procures jointly with Sony Ericsson in a bid to save money at its struggling handset unit, a joint-venture with Sweden’s Ericsson.

Sony takes on Kindle with wireless reader

Japan’s Sony has unveiled its first electronic reader with wireless connectivity in a bid to take on Amazon’s popular Kindle device, reports Reuters.