Sony struggles as 18% higher-than-expected $1.3bn loss posted
Tokyo-based Sony has been struggling to make a profit from their traditional models of PC, MP3 players, TVs, cameras, and games consoles for some time now.
The company projected a loss for the fiscal year which ended March 31, 2014 as being $1.07 billion.
That number is now at $1.27 billion – a figure 18% higher than expected. Sony pits its exit from the PC market as being a factor in this loss – with write-downs on excess components.
In a statement, a Sony spokesperson said, “Consequently,...