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Japanese video game maker Sega trims losses after discontinuing Dreamcast console | |
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| Time: 15:49 EST/20:49 GMT | News Source: Associated Press | Posted By: Alex Harris | ||
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Sega Corp. trimmed its losses for the latest fiscal year as the Japanese video game maker reshaped its business after dropping the money-losing Dreamcast (news - web sites) console. Sega, the creator of the Sonic the Hedgehog character, lost 17.8 billion yen (dlrs 140 million) for the fiscal year ended in March, less than half of the 51.7 billion yen it lost the previous year, it announced Friday. Sales fell 15 percent to 206 billion yen (dlrs 1.6 billion) from 243 billion yen as the Tokyo-based company downsized under a turnaround plan that included selling off unprofitable affiliates. Since abandoning production of the Dreamcast last year, Sega has been focusing on creating software for other companies' game machines such as Sony Corp (news - web sites).'s PlayStation 2 (news - web sites), Microsoft Corp.'s Xbox (news - web sites) and Nintendo (news - web sites) Co.'s GameBoy and GameCube. | ||
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