Sony Revises Loss Forecasts, Set to Lose $2.1433 Billion This Year
Damn you, Xperia!
Sony’s projected losses have increased according to Reuters, rising from 50 billion yen to 230 billion yen (about $2.1433 billion). Operating loss is also at 40 billion yen rather than turning a profit of 140 billion yen.
In case you’re wondering why Sony should be doing so poorly despite the awesome success of the PlayStation 4, it’s actually due to the company’s smartphone division where “the impairment of goodwill in the mobile communications segment” had led to a 180 billion yen impairment.
The PlayStation 4 is still going relatively strong with the console having sold 10 million units worldwide since launching a little less than a year ago. Sony hasn’t exactly been turning large profits with the PS4 but it’s thankfully much more profitable than when the PS3 first launched. What are your thoughts on the struggles of the company’s smartphone division and will the latest wave of Xperia devices help ease the burden? Let us know your thoughts in the comments below.