Sony prepares for massive $2B financial year loss

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.

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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.

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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.