The bad news just keeps coming for Sony.
The company informed investors today that a February forecast indicating the company would lose 220 billion yen ($2.7 billion) during the fiscal year that ended March 31 has been revised downward. Sony now expects to post a loss (PDF) of 520 billion yen ($6.4 billion).
Although the steep loss might worry investors who think things are worse than expected at Sony, the revision will not have an impact on the company's operations or cash flow. Instead, Sony has been forced to write off deferred tax credits due to the … Read more