Scalper1 News
Sony CEO Kazuo Hirai continues to play limbo with financial analysts. On Wednesday, he lowered the company’s earnings outlook for the sixth time since becoming chief executive in April 2012. Sony (SNE) said that it will take an impairment charge of 180 billion yen ($1.68 billion) for its mobile phone business in the September quarter, as that unit continues to struggle against Apple (AAPL), Samsung and others. The Japanese consumer electronics maker now expects to lose 230 billion yen ($2.15 billion) for the year ending March 31, compared with a prior forecast for a loss of 50 billion yen ($467 million). Sony also will forego paying a dividend for the first time since it went public in 1958, Reuters reported. Hirai pledged to return Sony to profitability in the next fiscal year. Sony also announced plans to cut about 1,000 of the 7,100 workers in its mobile phone unit this… Scalper1 News
Scalper1 News