Sony expecting record £4 billion loss
GeneralPosted on Tuesday, April 10th, 2012 at 2:17 PM by Guest
Sony are forecasting annual results of a record £4.02 net loss for the business year ending on March 31st.
The results are due on May 21st with early reports suggesting that Sony will be cutting up to 10,000 jobs.
The heaviest hits are seen in Sony’s television section, with a lost of £6.3 billion in ten years, and in the gadgets market, now falling behind Apple and Samsung in what is seen as a fourth straight year of losses.
CEO and former Playstation boss Kaz Hirai has said that he is willing to take “painful next steps” to stop the downfall with a bounce back operating profit of £1.39 billion this year.
Core to this new bounce back is Sony bringing together its entertainment properties. This includes film franchises such as Spider Man and The Men in Black, Vaio computers, Bravia TVs and other electronic products.
- Share this:
No comments
Popular posts
-
High-End PC Gaming Already Next Gen? Don
The games industry today is abuzz with talk of the next generation of gaming. With the WiiU already with us, the Playstation 4 having been announced a while ago and, by the time you read this, Microsoft being about to or having just announced the next Xbox unit, you can’t move around the gaming web [...]
-
At The Mirror’s Edge of Industry C
Computer games, as much as any other medium, are mysterious things. They can stir our souls, hotwire our adrenaline glands or disappoint us to our core. For every person who plays a game there is a valid and varied opinion. It’s one of the things that make the subject of a game’s relative quality a [...]
-
Gaming Fail – Final Fantasy XIII
Across every genre of entertainment there are specific titles or releases that become synonymous with failure, that in the eyes of fans and critics alike embody the worst that the genre has to offer. They become the universal butt of any joke in that medium, the yardstick against which every other poorly-received release is measured. [...]
-
Online Multiplayer Isn’t Gaming An
Over recent years there has been a shift in the focus of the gaming industry towards online multiplayer as a gaming model. Indeed, the biggest sellers of this generation of titles have been primarily online competitive titles, such as Halo 4 & Call of Duty. Over this time there has developed a very distinct separation [...]