Sony warns of $2.14 bn annual loss, over four times forecast
WEDNESDAY, SEPTEMBER 17, 2014
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TOKYO - Sony on Wednesday inflated its annual loss forecast more than four-fold to $2.14 billion, saying it would book a huge charge tied to its mobile phone business.
The Japanese electronics giant said it now expected to lose 230 billion yen in the fiscal year to March 2015, up from a previous net loss forecast of 50 billion yen.