Sony warns it will make a fourth straight annual loss

Sony HG Sony's TV operations hit by weak demand from Europe and US

Related Stories

Japanese electronics giant Sony has warned that it is on target to make its fourth annual loss in succession.

The warning came as it unveiled a 27bn yen ($346m; £216m) loss for its second quarter, compared with a profit of 31bn yen for the same period last year.

The company said the strong yen, floods in Thailand, and weak demand in the US and Europe were to blame.

Sony is now projecting an annual net loss of 90bn yen, compared with its previous forecast of 60bn yen profit.

The Tokyo-based conglomerate is restructuring its TV operations.

The maker of Bravia TVs have seen its TV business lose money for the past seven years. Sony project this part of their company should turn a profit in 2013.

Analysts say Sony's TV operations have been hit by price falls, an oversupply of panels, and intense competition and innovation in the electronics market.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

  • Dana Lone HillDana Lone Hill

    The Native American names that break Facebook rules

  • Painting from Rothschild collectionDark arts Watch

    The 50-year fight to recover paintings looted by the Nazis

  • Mukesh SinghNo remorse

    Delhi bus rapist says victim shouldn't have fought back

  • Signposts showing the US and UK flagsAn ocean apart

    How British misunderstanding of the US is growing

Elsewhere on the BBC

  • StudentsBull market

    Employers are snapping up students with this desirable degree


  • 3D model of Christ the Redeemer statueClick Watch

    Using drones to 3D map the famous Brazilian landmark Christ the Redeemer

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.