{"id":8767,"date":"2009-05-14T10:08:49","date_gmt":"2009-05-14T14:08:49","guid":{"rendered":"tag:www.legitreviews.com:\/\/6c1aeb621e6f30525d72cf5aa50fd7d3"},"modified":"2009-05-14T10:08:49","modified_gmt":"2009-05-14T14:08:49","slug":"sony-reports-1b-annual-loss-first-in-14-years","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=8767","title":{"rendered":"Sony reports $1B annual loss, first in 14 years"},"content":{"rendered":"

Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.<\/p>\n

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The Japanese electronics and entertainment company said Thursday it lost 165 billion yen ($1.72 billion) in the January-March quarter, compared to a 29 billion yen profit for the same period the previous year. That brought its full fiscal year loss to a 98.9 billion yen ($1 billion). Sony, which makes Bravia flat-panel TVs and Cyber-shot digital cameras, said it is closing three plants in Japan to help turn its business around. It is also in the midst of cutting 16,000 workers.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.<\/p>\n

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The Japanese electronics and entertainment company said Thursday it lost 165 billion yen ($1.72 billion) in the January-March quarter, compared to a 29 billion yen profit for the same period the previous year. That brought its full fiscal year loss to a 98.9 billion yen ($1 billion). Sony, which makes Bravia flat-panel TVs and Cyber-shot digital cameras, said it is closing three plants in Japan to help turn its business around. It is also in the midst of cutting 16,000 workers.<\/p>\n<\/blockquote>\n

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