Sony Forecasts End of Loss Streak

After reporting a net loss of $5.7 billion for the last fiscal year — its fourth annual loss in a row — Sony Corp. said it expects to swing back to a profit this fiscal year as its consumer-electronics and component businesses recover.

For the year ending next March, the Japanese electronics giant Thursday forecast a net profit of ¥30 billion ($376 million), an operating profit of ¥180 billion and a 14 percent rise in revenue to ¥7.4 trillion. Sony said it expects major improvements in its camera, personal-computer and component businesses, hurt last year by the earthquake and tsunami in Japan as well as the flooding in Thailand, an important production center.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »