Sony to make loss of over £750m, say reports

Sony may soon post a loss of $1.1 billion (£755 million), according to a Reuters news story.

Share

Sony may soon post a loss of $1.1 billion (£755 million), according to a Reuters news story.

But any loss, which would be the first in 14 years, could be double that depending on inventory conditions in the January-March quarter, the Nikkei business daily was quoted as saying.

The article on Sony's huge loss also notes that last October the corporation forecasted an operating profit for the year that was equivalent to double the amount of their estimated $1.1 billion loss.

It would be the second time in Sony's history that it has gone public with a report of their losses, the first being in 1958.

Last month, Sony announced plans to cut 8,000 jobs, close factories and reduce electronics investment by nearly a third.

Find your next job with computerworld UK jobs

Promoted