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Sony prepares for massive $2B financial year loss

After years of consecutive losses, Sony are probably in trouble.

@TweakTown
Published Wed, Sep 17 2014 2:03 AM CDT   |   Updated Tue, Nov 3 2020 12:14 PM CST

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 B financial year loss 01 | TweakTown.com
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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 | TweakTown.com

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.

Ben is based in Australia and has been writing entertainment based news and reviews since 2002 and for TweakTown since 2007. A student of film, Ben brings a wide understanding of the medium to the latest happenings in entertainment circles and the latest blockbuster theatrical reviews.

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