Sony Sees Double The Expected Financial Losses writes: "Sony Corp has reported a record $6.4 billion annual net loss, which is double its earlier forecast. The increase comes as the company wrote off deferred tax credits in the United States. Sony is reportedly going to axe around 10,000 jobs worldwide in a bid to save money. Kazuo Hirai, who took over as Sony’s CEO this month, has started to overhaul the business as he prepares to take steps to get the electronics giant back to profitability."

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aDDicteD2165d ago

sony will bounce back from that loss eventually