Sony Lost ¥520 Billion Yen in First Quarter, Making it Worst Quarter in Company History
Yomiuri Shimbun: ソニーの赤字、創業以来最大５２００億円
April 10, 2012
Today Sony revised its consolidated earnings estimate for the first quarter of 2012 downward; it estimated a ¥220 billion loss on February 2 but now foresees a ¥520 billion loss ($2.7 billion) for the period.
This makes it the worst quarter in the history of the company.
Yesterday, the corporation announced that it would lay off ten thousand people, about 6% of its work force.