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Sony Bracing For A Bad Year
Citing problems with a down economy, a broken supply chain due to flooding in Thailand, currency exchange rates, and other culprits, Sony has warned investors that the fiscal year ending in March isn't going to be a good one.
Reuters reports that Sony is advising that it will report a $2.9 billion loss for the fiscal year ending in March. This includes a $2.1 billion loss for the holiday, October-December time period.
New president Kaz Hirai has vowed to fix the company's situation. "I have a very strong sense of crisis about the environment surrounding us. We cannot be afraid to make painful choices for the future of Sony. Our rivals and the operating environment won't wait for us."
[via Kotaku]
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