Sony shares rise thanks to PS3 Slim and smaller than expected loss

The internet is in an upheaval over the latest numbers posted by Sony Corp. that revealed a net loss for the quarter ended Sept. 30 of 26.3 billion yen ($287.5 million), compared with a net profit of 20.8 billion yen in the same period last year. If you thought that was bad, according to 15 analysts forecast, it could have been much, much worst; but thanks to the newly redesigned console, and drastic cost cutting measures, things are looking up.
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Sony shares rise thanks to PS3 Slim and smaller than expected loss