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This is a discussion on Sony seen posting first op loss in 14 years within the Sony PSP - Industry News forums, part of the Sony PSP category; Sony Corp is expected to post an operating loss of about 100 billion yen ($1.1 billion) for 2007/08, the Nikkei ...
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01-13-2009, 05:30 AM
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 Status: Senior Member Join Date: Dec 2007 Posts: 36,843  |  Sony seen posting first op loss in 14 years
Sony Corp is expected to post an operating loss of about 100 billion yen ($1.1 billion) for 2007/08, the Nikkei business daily reported, far short of the company forecast for a profit of 200 billion yen. The operating loss -- Sony's first in 14 years -- could be double that, depending on inventory conditions in the January-March quarter, the Nikkei said it had learned. In October, Sony forecast a full-year operating profit of 200 billion yen for the year to March 31, down from 475.2 billion yen in 2006/07. The loss would be only the second since Sony went public in 1958 and the first caused by troubles in its mainstay electronics business, the Nikkei said. More... |
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