Business publication Nikkei is predicting that Sony will be soon posting an annual loss, something around the sum of $1.1 billion from 2007-08.
A positive but unrevised forecast from Sony paints a differing $2.2 billion picture, Nikkei believes that's how much losses could sink to. Quarterly announcement this Jan 29th.
Nikkei cite a source that's "close to the matter," reports . Shares have already dropped since the news broke. It seems confidence in 16,000 job cuts isn't holding and more could be planned to save revenue.
With Japanese luxury exports down and a high value Yen, there's not much to stimulate the economy for giants like Sony who specialise in high tech products. A surprise Godzilla attack on the Tokyo Stock Exchange might shakes things up though ...
Nikkei: Impending annual loss report from Sony, first in 14 years
14 January 2009 | By Simon Priest