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