Sony just posted its annual earnings, ‘fessing up to the giant’s first loss in 14 years. Read on to see how the numbers break down.
Sony just announced losses of 98.9bn yen (£685m) for the year ending in March, the first in over a decade and substantially down on the 369.4bn yen (£2.5bn) profit Sony made the year before, while sales were down 12.9% globally.
It’s a far cry from Apple‘s record profits despite the crunch, but the loss isn’t nearly as bad as Sony predicted: it forecast a 150bn yen (£1bn) loss back in January. Can Sony’s new lines and recent staff rejig revive it? We don’t know for sure, but you can see what gadgets Sony has planned for the year in our Sony keynote liveblog from CES.