Sony Corporation (SNE)Sony reports $1 billion lossGamesIndustry - May 14, 2009
Submitted by welshbloke (60)
at 12:49AM PST on May 14, 2009
Sony Corporation has reported that it made a loss of JPY 98.9 billion (USD 1.04 billion) in the financial year to the end of March 31, 2009. The Game segment saw the biggest decrease in sales year-on-year, down 18 per cent to JPY 1.05 trillion (USD 10.7 billion), with the currency fluctuation and decrease in unit sales of the PlayStation 2 cited.
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The example set by BT was an additional 15,000 jobs on top of what it had already cut which was 15,000.
I seem to remember at the time (December) that most analysts did not think this was deep enough. So if they thought that then this announcement is hardly going to fill them with hope.