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.
Despite customers paying more for fast data, only selling its stake in Verizon stopped the European network from seeing multibillion losses in the past year.
The Japanese tech giant says it will spend money restructuring, bowing out of some businesses.
The news comes a day after India-based e-commerce rival Flipkart unveiled a new $1 billion funding round.
The carrier added 2.4 million wireless customers, the first time it's topped the 2 million mark. But growth didn't come cheap.
The carrier, meanwhile, says it's brought LTE to 41 more cities, and its Sprint Spark enhanced network to another six cities, as it trudges through its painful network upgrade.
Motorola's revenue actually ticked up from a year ago as it shows some signs of progress.
Sony plans to sell it Vaio PC operations to an investment fund, cut 5,000 jobs, and revises full-year forecast from a profit to a loss of $1.1 billion. It will also spin off its TV business.