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Business

Sony expected to suffer first operating loss in 14 years
Jan 13, 2009 04:00
The Japanese electronics giant Sony Corp. is feared to suffer a consolidated operating loss of about 100 billion yen 1.12 billion U.S. dollars for the year to March 31, 2009, its first loss since 1995, local media reported Tuesday. The projected loss, apparently stemming from a strong yen and sluggish sales of flat-screen televisions and other products, marks a major turnaround from a projection last October of an operating profit of 200 billion yen, Kyodo News reported, citing sources ...


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