Technology content trusted in North America and globally since 1999
7,525 Reviews & Articles | 55,430 News Posts

Sony prepares for massive $2B financial year loss

After years of consecutive losses, Sony are probably in trouble
By: Ben Gourlay | Business, Financial & Legal News | Posted: Sep 17, 2014 7:03 am
Comment () | Email to a Friend | Font Size: AA

For far too many years, Sony has been bleeding cash, facing increased competition and selling off key assets and even business, such as the VAIO computing arm in a desperate effort to stay afloat. Now, things are getting a lot worse.

 

sony_prepares_for_massive_2b_financial_year_loss_01

 

According to the Wall Street Journal, the struggling Japanese giant is set to announce a $2.15B loss for the last financial year, four and a half times the previously forecast loss, in results that are set to be published shortly.

 

sony_prepares_for_massive_2b_financial_year_loss_02

 

Whilst specifics are forthcoming, it is expected that the former jewel in the companies crown; television, will continue to cause heavy losses, whilst the mobile division which encompasses tablets, phones and peripherals is also expected to post significant write downs.

Related Tags

loading