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(April 27, 2005)

Sony released their quarterly results for January-March today, and with it the company has posted a loss off 56.5 billion yen ($533 million US), resulting from poor sales and restructuring costs.  While increased competition from other electronics manufacturers has reduced sales in Sony mobile phones, televisions, and portable music players, the PlayStation Portable did mark an increase in sales for Sony's game division, as the PSP has now sold approximately 2.97 million units to date worldwide.  Despite the losses of the fourth quarter, Sony still made a profit for the year as a whole, making a group net of 163.8 billion yen ($1.5 billion US).