Sony, Sharp Report Record Annual Losses

posted on 2012-04-10 23:57 EDT

Stock shares of Sony and Sharp fell on Wednesday after both Japanese electronics makers reported record annual losses the day before. Sony reported a loss of 520 billion yen (US$6.4 billion) for the year that ended on March 31, while Sharp reported a loss of 380 billion yen (US$4.7 billion).

Sources: Nikkei, Bloomberg

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