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Playstation 3 Stings Sony Profits
Sony today announced that its profit loss was only 5.3% from the prior year. This comes as a shock to many as Bloomberg recently predicted the company would today announce a 50% third-quarter profit loss in comparison to 2005.
It seems that Sony's great Bravia television and digital camera sales, coupled with their strong box office movies last year all helped Sony make a $1.3 billion profit.
These three factors helped Sony keep their head above water these last four months, with the PlayStation 3 has caused a major loss in Sony's profits. The games division reported a $445 million loss, compared to the $557 million profit in 2005.
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