Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 14 May 2014 15:40

Sony will not make any money this year

Written by Nick Farrell



Another wave of restructuring

Sony will force itself through another wave of restructuring after announcing that it will not make any money this year. The maker of the PlayStation is one of the biggest tech companies in the world, but has seen its influence progressively fall – partly due to competition, but mostly because of stuff ups.

Now the company is expecting to post a $489.5 million loss in the current fiscal year. Sony's CFO Kenichiro Yoshida said that 2014 will be a year of biting the bullet on restructuring. It was questionable if there was anything that Sony had not restructured, but Yoshida said that in previous years the restructuring was mostly within business units and in manufacturing. This time it is going to quit businesses entirely.

The Walkman maker dropped out of the PC market, agreeing to flog its Vaio business to an investment fund. A lot of its problems are because of shrinking demand for disk-based media, and unexpected costs associated with its withdrawal from the PC business. Sony has said that it will stop production of commercial OLED TVs, to focus on 4K panels.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments