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 July 25th

Fri,9:03 PM
3 Free iOS Apps To Help You Find Something To Watch
8:57 PM
9 Swift Resources for iOS 8 Developers
7:39 PM
OS X and iOS Application Compatibility Table
6:35 PM
Best News in the Verse: Firefly Cast Reuniting for Firefly Online
6:26 PM
Bose Sues Apple Acquisition Beats for Patent Infringement
5:11 PM
iZZi Slim 4-Lenses-In-One Photo Kit: $95
3:44 PM
Take Control of Yosemite Beta Testing Released
1:42 PM
Judge Cote Calls Apple Ebook Settlement Unfair to Consumers
1:15 PM
TMO Daily Observations: 2014-07-25
10:24 AM
comiXology Intros DRM-free Digital Comic Backups
8:45 AM
OS X: Repair Home Folder Permissions
Thu,8:48 PM
Hedge Fund: ‘Apple Might Become Obsolete in 2-3 Years’
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!