Sony Corp will experience first annual loss in 14 years

Things just go from bad to worse for Sony. Japanese business news service Nikkei (via Reuters) is reporting that Sony will be posting a ¥100 billion ($1.1 billion) loss for the fiscal year ending March 31. It'll be the first full-fiscal operating loss for Sony in 14 years and only the second time to happen in its years as a public company.

Nikkei suggests that Sony's losses could actually go up as far as double this initial figure of ¥100 billion. This is in sharp contrast to Sony's previous forecast of a ¥200 billion profit for the fiscal year. It isn't clear exactly how this will affect Sony's Computer Entertainment division but we suppose that "won't affect SCE" mantra from before seems less and less believable.

[Via Gamespot]