Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

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