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Laptop battery recall sees Sony's profits nosedive

Sony has seen its quarterly net profits nosedive by around 95% following a mammoth laptop battery recall.

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Sony has seen its quarterly net profits nosedive by around 95% following a mammoth laptop battery recall.

The figures were also not helped by the delay in the company’s introduction of the PlayStation 3 games console, which will now miss the Christmas market.

Sony’s net profits slumped to 1.7bn yen (£7.6m) for the three months ending September, down from the 28.5bn yen posted in the same quarter a year ago.

The company has so far recalled almost 10 million laptop batteries used in machines from the likes of Dell, Apple, Lenovo and Toshiba because of fears of a fire hazard, and is bearing the brunt of the cost.

Sony says it has set aside 51bn yen to deal with the recall, so profits in the future are also set to be affected. The battery recall began in August. 

The company said it had now made modifications in its production process to overcome any fire hazard threat in the future.

 

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