February 2nd, 2012
04:12 AM ET

Sony expects nearly $3 billion loss

Sony expects a full year net loss of US $2.9 billion, citing tough domestic and global financial conditions. The Japanese electronics company says it is forecasting a net loss of 220 billion yen or US $2.9 billion for the fiscal year ending in March 2012. Previously, Sony expected to make 90 billion yen (US $1.2 billion).

Releasing its third quarter earnings, Sony says for the quarter ending in December 2011, it lost 159 billion yen (US $2.06 billion). And for the nine months ending in December 2011, Sony reported a net income loss of 201 billion yen (US $2.5 billion).

FULL STORY

Filed under: Economy • World
soundoff (13 Responses)
  1. banasy ©

    Not surprised after the year Japan has had…

    February 2, 2012 at 8:06 am | Report abuse |
  2. BOMBO ©

    Is my 25 year old Walkman a valuable antique yet? That, and my Kodak Instamatic, consteatutes my retirement portfolio. Hi banasy.

    February 2, 2012 at 11:12 am | Report abuse |
  3. raven

    Does your Walkman still work? I have an old 8 track player that still does, but sshh, it's a secret, I don't like a lotta people knowing that...break-ins and such....

    February 2, 2012 at 11:40 am | Report abuse |
  4. raven

    And hello, m.s.! Hows e.l.t.?

    February 2, 2012 at 11:41 am | Report abuse |
  5. banasy ©

    Hi, guys…I have an original Nintendo, along with a N64 and all of the versions of gameboy…I’m on easy street!

    February 2, 2012 at 12:13 pm | Report abuse |
  6. bobcat (in a hat) ©

    Is that 8 Track player 2 or 4 channel ? I put a 4 channel ,w/headphone jack, in my '66 goat back in '72.

    February 2, 2012 at 12:16 pm | Report abuse |
    • banasy ©

      You had a GTO?
      I’m honestly jealous…

      February 2, 2012 at 12:43 pm | Report abuse |
    • bobcat (in a hat) ©

      Yeah, I called it SHAFT. It was a bad Mother–shut yo mouth

      February 2, 2012 at 1:21 pm | Report abuse |
    • banasy ©

      LMAO! Too funny!

      February 2, 2012 at 3:36 pm | Report abuse |
  7. BOMBO ©

    I don't know if the Walkman still works. Last time I used it (back in about 1992 I guessing) it ate Jethro Tull's Living in the Past. I thought the battery was just low when it started slowing down, and I let it keep playing. Then the distortion came. I thought the motor was supposed to stop when it met too much resistance, But no.

    February 2, 2012 at 1:30 pm | Report abuse |
    • banasy ©

      *Everybody’s* a critic…

      February 2, 2012 at 3:38 pm | Report abuse |
  8. power of positive thinking

    Well if they EXPECT it to happen, then it WILL happen. They should VISUALIZE a more positive outcome.

    February 2, 2012 at 6:07 pm | Report abuse |
  9. banasy ©

    Jim?

    February 2, 2012 at 11:02 pm | Report abuse |