Damn! Sony is not doing well...
http://www.bbc.co.uk/news/business-17662059
Sony has forecasted an annual loss of $6.4bn, double its previous estimate and a record loss for the firm.
The grim forecast comes as Sony's new chief executive, Kazuo Hirai, prepares a turnaround plan, which he is expected to outline on Thursday.
Reports say the company is planning 10,000 job cuts as Sony exits businesses that are not profitable or central to the firm's strategy.
The company blamed the record loss on tax charges related to its US business.
It will be the company's fourth year of losses.
Sony's performance has been dragged down by its television business which has lost money for eight years.
Analysts will be keen to hear what the new chief executive has planned for that unit.
"The interesting question is: What number of TVs do they expect to sell in the future?" said Pelham Smithers, who runs his own consultancy that specialises in electronics firms.
"Selling around 20 million units a year is too small to be price competitive and too big to be a niche player," he told BBC News.
http://www.bbc.co.uk/news/business-17662059