Linked by weildish on Sun 1st Feb 2009 01:15 UTC
Sony just reported that through the fourth quarter of 2008, their profits plummeted a staggering 95%, losing $1.67 billion. The reported down profits were taken from last year's Christmas season, usually the time of the year that all companies including Sony sell the most products. This is the first loss that Sony has reported since 1995 when they produced several box-office flops. In lieu of the situation, Sony is reportedly cutting 8,000 jobs and going to shut down five or six of the 57 worldwide factories. Will the headless chicken that is the economy ever recover?
Permalink for comment 346664
To read all comments associated with this story, please click here.
To read all comments associated with this story, please click here.
Recent Original Stories
Recent Comments
Headlines
Random Comments
Random Stories
Random OS Link
Member since:
2006-05-30
Maybe they can make up for it by installing more craplets on their laptops!