Sony has reversed its prediction of a full-year profit, now expecting to make a net loss of ¥110 billion ($1.1 billion) in the year ending March 2014. It's the second quarter in a row that Sony has cut its guidance; the company slashed expectations to ¥30 billion from ¥50 billion in October. Sony hasn't changed its revenue forecast, however — the swing to loss is down to depreciation and amortization along with restructuring costs incurred by selling off the VAIO PC business and spinning off TVs into a separate unit. Operating income for Q3 was ¥90 billion yen ($860 million) and net profit was ¥27 billion ($257 million) off sales of ¥2.41 trillion ($23 billion).
via The Verge - All Posts http://ift.tt/1bx6VY0
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