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Sony Japan credit rating slashed to ‘junk’ due to ‘loss of technology leadership’

Sony’s recent financials highlighted the poor performance of PS Vita and overall losses of 15.5 billion yen/$198 million. Today credit firm Fitch has cut the Japanese company’s credit rating due to its “loss of technology leadership in key products and the strong yen”, and issued a warning that aggressive restructuring would be needed to reverse […]

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Financial Times headlines

  • Anonymous press release: Sony, I am Disappoint

    Two weeks later, and Anonymous is still being blamed for the unauthorised access which lead Sony to take down the PlayStation Network and Qriocity servers, despite repeatedly pleading innocence. Now, the “hacktivist” group is getting annoyed, and, according to a new press release, disappoint.

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  • GTA IV is gaming's Best Picture Oscar, says Riccitiello

    Speaking at EA’s Redwood Shores HQ, company CEO John Riccitiello has said that GTA will be the most successful game of this year and possibly the current generation of consoles. The EA boss gave the prediction after claiming the title will prove his assertion that the best and brightest games will soon be seen on […]

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