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 September 19th

Fri,2:45 AM
First iPhone 6 Sold in Perth Dropped by Kid During TV Interview
Thu,10:22 PM
Dragon Dictate for Mac 4: $99.95
8:25 PM
iOS 8: How to-Enable Safari Extensions
6:00 PM
iOS 8 In-Depth Review: Apple Opens Mobile OS to Developers, You Win
5:45 PM
iOS 8: Apple Finally Fixes its iPhone Weather App
5:09 PM
5th Ave Apple Store iPhone 6 Campout Stretches 3 Blocks
3:30 PM
iOS 8: Quickly Access Your Favorite Contacts with Home Button
2:15 PM
How to Install and Activate Third-Party Keyboards in iOS 8
1:47 PM
TMO Daily Observations: 2014-09-18
11:11 AM
Analyst: iPhone 6 Launch Weekend Sales to Fall Short, No Big Deal
10:04 AM
iOS 8: Taking Full Advantage of Interactive Notifications
9:22 AM
Apple TV Gets Beats Channel, Family Sharing
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!