{"id":428647,"date":"2011-05-23T10:23:22","date_gmt":"2011-05-23T10:23:22","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/23\/sony-eyes-annual-loss-of-3-2bn\/"},"modified":"2011-05-23T10:23:22","modified_gmt":"2011-05-23T10:23:22","slug":"sony-eyes-annual-loss-of-3-2bn","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/23\/sony-eyes-annual-loss-of-3-2bn\/","title":{"rendered":"Sony eyes annual loss of $3.2bn"},"content":{"rendered":"

23 May 2011<\/span> Last updated at<\/span> 06:23 ET<\/span><\/span><\/p>\n

Japanese electronics giant Sony says it expects to report an annual loss of $3.2bn (\u00a32bn), after previously predicting a return to profit.<\/p>\n

Sony had earlier indicated it would make a $860m profit in the financial year to the end of March.<\/p>\n

The firm has been affected recently by March’s earthquake and tsunami, and a series of computing hacking attacks.<\/p>\n

Among its range of products, Sony makes PlayStation video games and Vaio computers.<\/p>\n

The earthquake and tsunami on 11 March hit plants in north-east Japan, which affected the firm’s supply chain, and in the wider economy led to fall in consumer spending.<\/p>\n

Sony is aiming to have resolved the hacking issues that caused the shutdown of its PlayStation Network by the end of May.<\/p>\n

Cyber attacks involved the theft of personal data that included names, passwords and addresses from more than 100 million accounts.<\/p>\n

It now says said the data breach will result in a $170m drain, at least, on operating profits in terms of insurance and damages costs.<\/p>\n<\/div>\n<\/p>\n

Visit link:
\nSony eyes annual loss of $3.2bn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

23 May 2011 Last updated at 06:23 ET Japanese electronics giant Sony says it expects to report an annual loss of $3.2bn (\u00a32bn), after previously predicting a return to profit. 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