Sony Forecasts $1.1 Billion Loss year ending 31 march - Will it be less after huge PS success?

[joeorc]

oh' for pete's sake:

Expects $1.1 bln net loss this year, core operations weak

* Plans separate unit for TV business, sells PCs division

* 5,000 job cuts to help lower costs by nearly $1 bln/year

TOKYO, Feb 6 (Reuters) - Sony Corp Chief Executive Offer Kazuo Hirai is seeking to cure a TV business that has lost $7.8 billion over a decade by isolating it to speed up decisions on future strategy.

http://www.reuters.com/article/2014/02/06/sony-earnings-idUSL3N0LA2ER20140206

By doing this Sony is saving about 1 billion a year!