Sony Expects an Even Bigger Loss—and That’s Good News for SonyBy
On Thursday, Sony executives spoiled the holiday cheer of Japan’s Golden Week. For the second time in four months, the Japanese electronics giant announced it had been way too optimistic about its chances of ending its losing streak. The company said its net loss for the fiscal year ended in March was 130 billion yen ($1.3 billion). In February, Sony projected a loss of 110 billion yen, after having forecast in October that the company would earn a profit of 30 billion yen.
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