Sony Forecasts $1.2 Billion Loss for the Year

Thomas Ricker, reporting at The Verge:

When the fiscal year is done, Sony will have lost almost $8.5 billion from televisions over the last eight years. And while Sony has executed upon plans to restructure its TV business in the past, it has yet to successfully return the division to profitability. As such, there’s little reason to trust management’s latest “TV Business Profitability Improvement Plan” which aims to return the business to profitability by March 31, 2014.

How does Howard Stringer still have a job?

Wednesday, 2 November 2011