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Sony on Wednesday raised its forecast annual loss more than fourfold to $2.14 billion, blaming its struggling mobile phone business.
The Japanese electronics giant said it now expects to lose 230 billion yen in the fiscal year to March 2015, up from a previous forecast net loss of 50 billion yen and reflecting a drop in the value of its mobile unit.
Sony has cut expectations for sales in the smartphone business, which has been reporting operating losses, as it faces off against rivals including Apple and South Korea's Samsung.
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It's crazy that Sony is losing $2.14 billion of dollars because their mobile phones are not selling well.
I think Sony may lose less money if they stop making Mobile phones, and tablets because most people either buy an Apple, or Samsung smartphone or tablet. There are also a lot of cheaper phones and tablets made by companies like LG, Motorola, ZTE, Huawei, and many other companies which makes smartphones, and tablets which are as good or better than Sony's smartphone and tablets, but cost less.
The Japanese electronics giant said it now expects to lose 230 billion yen in the fiscal year to March 2015, up from a previous forecast net loss of 50 billion yen and reflecting a drop in the value of its mobile unit.
Sony has cut expectations for sales in the smartphone business, which has been reporting operating losses, as it faces off against rivals including Apple and South Korea's Samsung.
Read more:
It's crazy that Sony is losing $2.14 billion of dollars because their mobile phones are not selling well.
I think Sony may lose less money if they stop making Mobile phones, and tablets because most people either buy an Apple, or Samsung smartphone or tablet. There are also a lot of cheaper phones and tablets made by companies like LG, Motorola, ZTE, Huawei, and many other companies which makes smartphones, and tablets which are as good or better than Sony's smartphone and tablets, but cost less.
