Monday, May 23, 2011

Sony: loss of $ 3.2 billion

The cause is the earthquake and the affair PSN Sony revises downward, very bearish, the financial results for fiscal year 2010/11, rising from 70 billion yen profit to 260 billion yen loss (about 3 , $ 2 billion). The causes of instability are the earthquake that hit Japan in March, which destroyed several buildings, Sony, and the costs borne by society due to the attack on the PlayStation Network, with the need to rewrite from scratch the security system of all the web part of the multinational.

In short, a rather negative term, financially speaking, for Sony, which denounces heavy losses. We hope that the fiscal year started April 1, 2011 will be better for the multinational PlayStation 3. Source: Neogaf

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