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Sony’s Blu-ray bet returns a ‘bag of hurt’

01
May
2014

Sony is warning shareholders to expect poor financial results for its fiscal year ending March 31, 2014. Roughly 30 billion yen ($293 million) of the drop is due to additional expenses from Sonys exit from the PC business. Blu-ray is dying faster than expected The second charge to due to what Sony calls demand for physical media contracting faster than anticipated, especially in Europe.

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