Monday, January 12, 2009

Sony seen reporting 1st operating loss in 14 years

From MarketWatch: Sony seen reporting 1st operating loss in 14 years
Japanese electronics major Sony Corp. is expected to report its first operating loss in 14 years as demand for flat-screen televisions and other consumer products sags and profit margins are pared by a strong yen. Sony is likely to post a group operating loss of around 100 billion yen ($1.12 billion) in the year ending March 31, but the final figure could be significantly higher depending on inventory levels in the January-March quarter.

The loss would be only the second since Sony went public in 1958.

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