Monday March 22, 2010 4:33 PM AEST

Atomic MPC > News > Game > Console Games > Sony reports net loss of a billion bucks

Sony reports net loss of a billion bucks

First time in 14 years that Sony is running low on profit.

Sony has reported its first annual net loss in 14 years and says that things will only get worse this year.

The Japanese electronics and entertainment conglomerate said it lost $1.72 billion in the first quarter of 2009 giving it a net loss of $1 billion for its fiscal year, according to the AP.

Sony said no quick recovery was in sight and thinks it will lose another $1.2 billion for the fiscal year through March 2010.

The company is in the process of handing out pink slips and P45s to 16,000 workers.

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5 Comments

Thoughts on this article? Add a comment below.

Fat_Bodybuilder May 18, 2009 11:05 AM	Oh wow... That's really not good =( Damn Crisis!
Trekker May 18, 2009 12:27 PM	p45? pink slips? dont know?
CamSkene May 18, 2009 1:49 PM	You can't run low on profit, it's not how accounting works.
Trekker May 18, 2009 3:08 PM	i wonder how much more they would of lost if someone could crack and play copy games on the ps3.
Periander May 18, 2009 5:33 PM	"Trekker May 18, 2009 3:08 PM i wonder how much more they would of lost if someone could crack and play copy games on the ps3." Might mean more unit sales though.

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Atomic Magazine

Issue: 111 | April, 2010

Atomic is a magazine aimed squarely at computer enthusiasts, gamers, and serious PC upgraders.

Every month we bring you the latest reviews of new technology and PC components, in depth features on everything from overclocking to console hacking, and gaming previews and interviews.

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