In the News
powered by Ovast-
Sony Posts A Record Loss, Vows 2012 Profit
latimes.com 2 weeks, 6 days agoPledging to cut costs and de-emphasize its TV business, Sony forecasts a 14% revenue gain and a modest $366-million profit this fiscal year.Sony Corp., anxious to leave behind a year plagued by floods, earthquakes, economic turmoil and a record $5.6-billion loss, vowed Thursday to return to profitability this year.
-
Sony Reports Record Annual Loss Of $5.7 Billion
boygeniusreport.com 2 weeks, 6 days agoSony on Thursday reported a net loss of $3.2 billion in the fourth quarter of 2011 to close its fourth straight year in the red. The electronics and entertainment giant struggled throughout the year, reporting an annual loss of $5.7 billion, the worst in the company’s 66-year history. Sony’s factories and supply chains were plagued by last year’s earthquake and tsunami in Japan as well as massive flooding in Thailand. The company’s annual sales plunged nearly 10% to $81 billion, with shipments of flat-panel
Photos
powered by
Loading More Stories
