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Rumor: 2008 Sony's first loss in 14 years, over $1.1 billion

Reuters is reporting that on January 29th, Sony may report an operating loss of $1.1 billion for 2008, its first loss in 14 years.

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Mobile, Imaging, Home A/V, Computing, Gaming | by C.K. Sample III | Tue Jan 13, 2009 10:30AM | 2 comments

According to Reuters, Sony may be announcing their first loss in over 14 years, in the neighborhood of $1.1 billion dollars in lost operating costs. Sony spokeswoman Mami Imada told Reuters that the loss figure was speculation, but would not comment further. To find out whether these rumors are true or not, we'll have to wait until Sony's next quarterly earnings announcement, which is scheduled for January 29th. Upon news of this rumored loss—the first for the company since 1995—Japan's stock market took a dip with the NIKKEI falling almost 5%.

The fifteen years without a loss speaks to Sony's spot as a leader in the technology industry and a 2008 loss from the company would most likely be the first in a series of such reports to come from electronics manufacturers.

This story around the web:

Trusted sources:
external link Sony may post $1.1 billion operating… [reuters.com]
external link Sony may post first annual operating loss in… [money.cnn.com]
external link Nope, Sony’s Not “Recession-proof”: Set… [All Things Digital]
external link Reuters: Sony may post $1.1 billion loss [Joystiq]
external link Sony Collapse Crushes Japan Stocks (SNE) [Alley Insider]

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Ryan Carter external link (1:17 PM on Tue Jan 13, 2009)

It is about time that Sony lost some money. They have been making bad decisions for a long time now. From the rootkits several years back to the battery debacle, they need to learn a lesson.

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Jake external link (10:21 AM on Wed Oct 14, 2009)

Every company is losing money because of the state of the global economy boxer dog breed ...But when the economy picks up again so will these companies...I am just beagle training sorry at the people that are losing their jobs because of poor management on the economic side.

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Anonymous (6:18 AM on Sat Nov 21, 2009)

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