Earnings: Sony Profits Crash On Yen Rollercoaster, Keeps Tighter Hold Of Crackle

We saw Sony (NYSE: SNE) slash its full-year forecast earlier this month, and here’s the detail on why: Fiscal Q2 profit nosedived 71.8 percent to 20.8 billion yen ($213.72 million) in the three months to September 30, as the financial services unit lost 40 billion yen ($385 million) in Tokyo’s falling stock market. Operating income was down 90.1 percent to 11 billion yen ($113 million), though in fairness, was flattered last year by a 60.7 billion yen ($623 million) premises sale.

Movies: Sony Pictures is to keep a tighter hold of its Crackle video site. Mobile entertainment head Eric Berger’s remit is being extended to the former Grouper, replacing Jonathan Shambroom, who only took Crackle’s top spot in February. “What we want to do with Crackle is make it a next-generation TV network,” Berger told Reuters. Crackle will be moved from San Francisco down to Sony’s Culver City HQ and folded more closely in to the studio. The changes will come with redundancies though some staff will move, Reuters reports, as Sony positions Crackle at young men and plans five original series productions per quarter.

Electronics: Ups and downs – Bravia TVs and Vaio laptops shifted more units but Vaio profitability dipped while Handycam and Cybershot digicam profits sank on what Sony says is a “slowing market growth and price decline”. Electronics sales were marginally down 0.6 percent to $16.9 billion, also partly thanks to smaller contributions from Sony Ericsson; operating income down 40.5 percent to 75.6 billion yen ($776 million).

Sony Ericsson: The mobile JV saw sales dip 10 percent to