1.66 billion euros
Sony expects gigantic minus
Deep red is the view at the Japanese electronics giant, Sony expects to close the fiscal year with a drastically higher loss. The forecast was raised on Wednesday at a loss of 230 billion yen (about 1.66 billion Euro)
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Only two months ago Sony had put more red figures of 50 billion yen in view for the current fiscal year to end March. Trigger for the higher loss is written down to the field of mobile communication, the company said. Sony expects lower revenue in the smartphone business. Accordingly, the value of the division will adjusted in the books. It was the only factor for the higher loss forecast for the year.
Sony for years has been fighting with heavy losses, which arose mainly in the business of television sets. Kazuo Hirai chief executive refurbished the electronics area includes job cuts. Most recently but also the smartphone business from as a problem. Among other things, the global market leader Samsung and emerging Chinese manufacturer Sony dig the water from
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