Thursday, 6 February 2014

Sony reverses annual profit forecast to $1.08 bln loss, exits PC business

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Sony reverses annual profit forecast to $1.08 bln loss, exits PC business

 

Tokyo (AFP)

 

Sony on Thursday drastically revised its full-year earnings forecast, saying it would lose about $1.08 billion as the Japanese consumer electronics giant also said it was exiting the personal computer business.

 

The firm, which said it earned 11.17 billion yen ($110 million) in the nine-months to December but would lose 110 billion yen over the full fiscal year, announced it would sell its PC unit under the Vaio brand to a Japanese investment fund.

 

(Agence France-Presse, 6 Thursady February 2014 The Roman)

 

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