Said this would happen when the numbers were announced last quarter. What is interesting to me about it is they have now changed their forecast three times. Going from expecting profit, to then saying in feb they would have a loss of £1.7BN to now saying a loss of £4BN. And some of you guys use their numbers as "gospel"? The truth is Sony hasen't a clue what they are doing.
What is funny is that just like last time they predict a profit for the following year.... Not sure if it is just me but I call bullshit on that already.
What is more worrying for Sony in my view is their stock is almost worthless. In the past year alone it dropped by 50% and in just the past 10 trading sessions it has dropped 11%. When the markets open it will take a battering with this news.
I would expect to start hearing takeover news soonish because if they do another year like the last one then they will be on the brink. The failed TV business is dragging the whole company under.
