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Home » Archive » 2009 » 5 » Misc » Sony Posts $1 Billion Loss, It's First in 14 Years

Misc

Sony Posts $1 Billion Loss, It's First in 14 Years

Added on: 13:20:30 14th May 2009

Sony Posts $1 Billion Loss, It's First in 14 Years Sony today announced its first annual loss in 14 years. The company reported a $1 Billion annual loss for its fiscal year through March due to the lack of consumer demand for electronics.Despite the huge loss, it was less of a loss than they had actually expected back in January when it had announced it would be cutting its workforce by 8,000 and closing 10% of its factories.

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