Things just go from bad
to worse for Sony. Japanese business news service Nikkei
) 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.