Sony reported another quarterly loss of $390m
Sony’s revenues for the April-to-June period, its fiscal first quarter, were down 19% from a year earlier to 1.6 trillion yen

The Japanese company made a net loss of 37.1bn yen ($390m; £237m) between April and June, compared with a profit of 35bn yen for the same period last year.

The loss was, however, not as large as market expectations, thanks to Sony’s continuing efforts to cut costs. In May, Sony reported its first annual loss in 14 years. It also expects a loss this financial year.