Sony have released information on their financial report for the last financial year, 2008-2009. In it Sony admit that due to lack of demand for consumer electronics the company lost $1 Billion as consumers turn to less named brands for a cheaper cost in this economical time. Sony will have to cut costs and look at cheaper ways of producing their products, otherwise they could lose even more this financial year. The main culprit behind Sony’s loss is the PS3, which is expensive to buy compared to the Xbox 360 and Wii, expensive to produce and are losing Sony money. So far in a bid to cut costs, three production plants in Japan have already been shut down.

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An application for Windows Mobile phones has been confirmed as working for the Xperia X1. With the confirmation comes a video of the Xperia X1 running the app, MobileRemote and connecting through bluetooth to the Sony PS3. The app allows you to connect your Xperia X1 to any bluetooth enabled device such as the PS3, PC, Mac, or another bluetooth enabled phone.

MobileRemote allows users to control around 85% of the PS3 functions such as text chat and messaging as well as internet browsing and even listening to music, including streamed music from a laptop. You can view the video below of the PS3 and Xperia connected.

On the download page, there’s also a demo video of an Xperia controlling a PC which you can view below. The app costs $8.99.

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