Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday April 22, 2015

Sony Forecasts Smaller Than Expected Loss

After previously forecasting a loss of $1.4 billion for fiscal 2015, Sony has now revised its estimates down to a $1.05 billion loss.

Sony has forecast (PDF) a net loss of 126 billion yen ($1.05 billion) for the fiscal year ended March 31, an improvement over the company's earlier forecast in February, when it said it would likely post a loss of 170 billion yen ($1.4 billion). Sony said on Wednesday that its improvement is due to a stronger-than-expected revenue jump across its gaming, record label and digital camera sensors businesses.