Article written by Peter Chapman.
Published on 10/04/2012 at 10:07 AM.
Sony’s difficult financial situation isn’t new but this latest report from the BBC says that it’s a bit worse than we’d all thought. Sony has forecast an annual loss of $6.4 billion, double what was previously indicated. This makes four years running that Sony has made losses.
The company is blaming tax bills for the big loss increase, their operating losses are reported at $1.2 billion. This dire situation is the catalyst for yesterday‘s reported 10,000 potential job losses and is being blamed on the failing TV department who haven’t managed a profit for eight years.
New boss, Kaz Hirai, is expected to outline his strategy for recovery on Thursday. We hope it involves Ridge Racer in some way.
Source: BBC, Thanks quinkill