Dragging down the rest of the company Sony's mobile unit posts a quarterly operating loss of $1.6 billion on $2.8 billion in revenue.
First quarter for new CEO Marcelo Claure was a rocky one, with growth largely driven by the carrier's wholesale business, but there were signs of progress.
As part of its group-wide restructuring plan to focus on electronics, finance and construction, Samsung is selling its defense and military affiliates for almost $2 billion to South Korean compatriot Hanwha.
The e-commerce company misses Wall Street expectations and reports a third-quarter loss of $437 million. More critically, it warns that its fourth-quarter revenue will also disappoint.
The world's largest chipmaker by sales continued to post stronger numbers in its PC and data-center businesses, but its mobile unit posted just $1 million in revenue and another huge loss.
The situation is so bad that Sony is suspending its dividend -- the first time it won't be making a payout since it listed in 1958.
The company generated a loss during the three months that ended in June -- a contrast to the small profit a year earlier.
Following a profitable first quarter, the strain of multiple product launches weighs on the e-commerce giant.
The news comes a day after India-based e-commerce rival Flipkart unveiled a new $1 billion funding round.
Chairman Andy Bryant says the company is making progress in the area, despite continued hefty losses.