Thread: $ony announces $2.9 billion loss

(Reuters) - Ailing Japanese electronics giant
Sony Corp warned it was heading for a
bigger-than-expected $2.9 billion annual
loss, presenting a daunting task for
incoming CEO Kazuo Hirai, who vowed to
move quickly to turn things around.

Overtaken by more innovative rivals such as
Apple Inc and Samsung Electronics over the
past decade, Sony posted a disappointing
$1.2 billion operating loss for October-
December, normally a lucrative quarter with
the Christmas and year-end sales, as it
battled a strong yen and flooding in
Thailand that ruptured supplies and a weak
economy.

The company's forecast for a 220 billion yen
($2.9 billion) loss for the year to March, its
fourth straight year of red ink, was close to
double what the market had expected, and
revealed the task ahead for Hirai, who takes
over as CEO in April.

"It won't be easy for Sony to regain its lost
ground under new leadership, as its overall
competitiveness has sharply weakened,"

said Kim Young-Chan, analyst at Shinhan
Investment Corp in Seoul.

"It's got structural problems that will take
years to fix."

SOURCE

It's because sonys products are usually just way to expensive for what they are. I'd buy many other brands before Sony myself. :/

Do you belive sony had Lost?

They just had their Earnings decreased... They still Get Billions in Earnings. They are in many activities in eletronic industries, such Film and Music Studios, Game Studios, Mobile, etc.

Everybody, should not buy $ony, as they support SOPA, PIPA and ACTA.

I Hate $ony!

They lost cuz they dont allow users freedom they want. If the whole population can jailbreak ps3's we'd all buy them.

yay !!

no cfw = loss

They probably mean they have $2,9 billion less profit then expected :p

Don't confuse a 2.9 billion loss with actually losing 2.9 billion. It is a projected sales, spent, earned figure where it is compared to annual earnings of last year which is a 2.9 billion drop. They still earn billions of dollars a year.

No loss, just earnings drop.

greedy fascists

Originally Posted by Project Xer0

greedy fascists

I really think the greedy facists are in the MS direcion.Since they support directely or indirectely the Facist war machine of the pentagon.
Japanes are very warm and peacefull people.

Originally Posted by arifi

I really think the greedy facists are in the MS direcion.Since they support directely or indirectely the Facist war machine of the pentagon.
Japanes are very warm and peacefull people.

I dated a Japanese woman for 3 years, not true!