Sony reported a 98 percent drop in profit for the first quarter of its fiscal year as sales declined in key areas, reports AP. Sony said Thursday it earned 1.1 billion yen (US$9 million) in the April-June quarter, down from 57.2 billion yen for the same period last year. Sales fell 6.9 percent to 1.6 trillion yen ($13.5 billion) from 1.7 trillion yen. Of note, profits in the video game sector slid 31.6 percent to 1.8 billion yen ($15 million) from 2.6 billion yen, while sales were down 18.2 percent to 125.2 billion yen ($1 billion) from 153 billion yen. Worldwide shipments of the PlayStation 2 “dropped sharply” to 2.65 million units in the quarter from 4.59 million for the same period last year.