As Sony earnings fall, can CEO Stringer last?


Sony (SNE) turned in another rough quarter capping a bad year. The company also said it faces a brutal 2009. For all of the last fiscal year, which ended in March for Sony, the Japanese consumer electronics firm lost $1 billion.

Sony's consumer electronics business lost money due to pricing pressure and low margins in its TV screen business. Its gaming division, which markets the PS3, also posted a deficit. Sony sold just over 10 million PS3 units, up 10 percent from the year before.