Sony Corp. posted a loss of 88.29 billion yen ($810 million) for its April-June quarter. Earlier reports had suggested Sony would post an even bigger loss of $930.1 million, but the actual numbers are no small consolation when compared with the net profit of 18.43 billion yen ($169 million) posted for the same period last year. Much of the loss is being attributed to a one-time write-off of 101 billion yen ($926 million) in its movie business, as sales were up across Sony's electronics operation, movie business, insurance, and other operations. However, sales were down in music an flat in the games, as rising Playstation 2 hardware and software sales in Japan were countered by a significant drop in Playstation sales in the U.S. and Europe.
