Sony to Post $3.2 Billion Net Loss
The recent disaster in Japan and network attacks have taken a huge toll
Things just keep getting worse for Sony. After taking a hit from the devastating earthquakes in Japan and recent hacking attacks on its PlayStation network, the company is now announcing that it expects to post a $3.2 billion net loss for the year to write off on tax credits, reports The New York Times. The net loss would be Sony's biggest since 1995 and its second largest ever.
The company stuck with its previous forecast of an operating profit of 200 billion yen, which it had estimated even before the disaster in Japan this past March.
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