The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Battery Recalls Kill Sony Profits

Battery Recalls Kill Sony Profits

by , 9:25 AM EDT, October 26th, 2006

Sony took a hard hit to its bottom line in the July/September quarter thanks in part to a massive battery recall. Profits for the quarter dropped 94 percent, according to a report at Forbes.

The battery recall, along with Sony's poorly performing video game business, pulled profits down to 1.7 billion yen (about US$14 million) for the quarter, down from 28.5 billion yen (about $239 million) for the same time last year.

Sony is in the middle of a recall 9.6 million laptop batteries it manufactured for several computer companies including Apple Computer, Dell, Lenovo, and several others. The batteries can overheat and pose a potential fire hazard.

Earlier this week, Sony executives apologized for the problems the batteries and associated recall have caused.

Digg!

Recent Headlines - Updated December 21st

Fri,5:31 PM
Google, Samsung can’t Top Apple’s Unreleased Apple Watch
5:10 PM
Report: Apple Pay is Disrupting and Transforming Mobile Payments
4:04 PM
Apple Raises Prices in Russian App Store Amidst Ruble Meltdown
3:55 PM
The Unexpected Ways Apple Watch Will Crush the Competition
2:29 PM
6-Ft MFi-Certified iOS Lightning and micro USB Convertible Charging Cable: $21
1:41 PM
TMO Daily Observations: 2014-12-19
11:02 AM
Apple CEO Tim Cook Calls BS on BBC iPhone Factory Film
9:11 AM
McDonald’s Supersizes Sales with Apple’s iBeacon Tech
Thu,8:09 PM
BBC Films ‘Apple’s Broken Promises’ for Worker Conditions in Pegatron iPhone Factory
6:20 PM
Save 96% on The World’s Largest iOS 8 + Swift eLearning Bootcamp
5:30 PM
Apple Pay Expansion Worldwide Will Have Vast Repercussions
2:07 PM
The Story Behind Apple’s ‘The Song’ Commercial (Video)
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!