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Sony Forecasts Shocking Half Billion Dollar Loss

 
Sony Forecasts Shocking Half Billion Dollar Loss
Posted May 14th, 2014 @ 8:22am by KFBK News

Sony is surprising investors and market analysts with today's forecast that the Japanese electronics and entertainment giant will lose nearly half a billion dollars.  

A statement by Sony today forecasts a loss of $490-million for the fiscal year ending March 31st.  

Sony is struggling to overcome falling demand for the TVs and personal computers that fueled the firm's rise to a business and cultural icon in Japan.

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