Sony Corporation (SNE)Sony to Post First Loss in 14 Years
Kotaku - January 13, 2008
Submitted by Animate (241)
at 11:45PM PST on January 12, 2009
According to Nikkei, Sony's expected to announce an operating loss of US $1.1 billion t(�100 billion) for 2007-2008. The first loss in 14 years and second since Sony was founded in 1958.
Loses could even be double the expected number, Nikkei reported. This comes as Sony said it would have to cut 16,000 jobs. Sony had originally forecast a profit of 200 billion yen for 2007-2008.