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Sony profits plunge 95 percent

| Friday, Jan. 30, 2009

Sony said Thursday its net profit plunged 95 percent in the October-December quarter, as the holiday shopping season provided no respite for the struggling electronics giant and tepid sales of TVs, digital cameras and cell phones hit its bottom line.

The Japanese manufacturing icon said its usually dependable electronics division posted its first-ever operating loss in the fiscal third quarter.

Sony Corp. said its net profit shriveled to $115.6 million in the third quarter. Revenue fell 25 percent.

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