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Sony profit craters amid struggles with PS4, phones, cameras

Though the Japanese giant was able to stabilize losses in its phone unit, its revenue still plunged 40 percent.

playstation-4-pro-ps4-002.jpg

Maybe the PlayStation 4 Pro will spark sales?

Sony

It's not a great time for Sony right now.

A day after cutting its profit forecast and shedding its battery business, the Japanese electronics conglomerate posted second-quarter results (PDF) that underscored the challenges it faces on multiple fronts. The company saw its revenue fall 10.8 percent, to 1.69 trillion yen ($16.19 billion), while its profit plunged 86 percent, to 4.8 billion yen ($46 million).

Sony's gaming business suffered from a price cut on the PlayStation 4 and a decrease of PS3 software sales. Though the company shored up the losses in its phone business, it still saw a 40 percent decline in revenue after removing several midrange phones.

Also weighing on its profit were losses in its chip and components business.