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Sony cuts full-year loss forecast to US$1.4b

It would shed another 1,100 jobs in its mobile phone business; Q3 profit estimate more than triple
Thursday, February 5, 2015 - 05:50

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The plunging yen has partly offset the bleeding at Sony as it inflates the value of Japanese exporters' repatriated overseas income.

Tokyo

SONY on Wednesday cut its full-year loss forecast by more than a quarter to US$1.4 billion, thanks to a weak yen and improving smartphone sales but it warned of further job cuts as part of its sweeping corporate overhaul.

The firm said it now expects to lose 170 billion yen (

sentifi.com

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