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Sony Forecasts Shocking Half Billion Dollar Loss

Sony Forecasts Shocking Half Billion Dollar Loss

Sony is surprising investors and market analysts with today's forecast that the Japanese electronics and entertainment giant will lose nearly half a billion dollars.  

A statement by Sony today forecasts a loss of $490-million for the fiscal year ending March 31st.  

Sony is struggling to overcome falling demand for the TVs and personal computers that fueled the firm's rise to a business and cultural icon in Japan.

 

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