Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 10 April 2012 09:32

Sony expects record $6.4 billion loss

Written by Fudzilla staff



Beyond pessimistic forecasts


Sony is forecasting a $6.4 billion net loss for the past business year, March 2011 to March 2012. The losses were inflated by writing off deferred tax assets in the US and they exceeded earlier forecasts twofold.

This is Sony’s fourth consecutive year of losses and the fledgling consumer electronics giant is struggling to turn things around. The company is expected to axe 6 percent of its workforce, or roughly 10,000 souls.

Sony’s TV division seems to be the weakest link. It is estimated the TV business accumulated more than $10 billion losses over the past decade.

More here.





Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments