Sony says half-year loss nearly $1 bln

Baku: Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the cutthroat smartphone business, NDTV reported.

The firm said its net loss came in at JPY 109.1 billion, way up from a JPY 16.5 billion shortfall in the same period last year.

The company also said it would cut the smartphone unit’s global staff by 15 percent about 1,000 jobs.

SOURCE: AZERI PRESS NEWS AGENCY

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