Sony To Post $2 Billion+ Loss

[VXIII]

walsufnir said:

Fusioncode said:

walsufnir said:

Fusioncode said:

Most of it is being written off. 

 

What do you mean by this? Where did you get the info from?

From Gaf:

http://www.neogaf.com/forum/showpost.php?p=130381490&postcount=108

Hmm, is he legit? Believing stuff posted from members without any background should be a lesson we all should've learned already.

" The company blamed the drastic downturn on poor smartphone sales and said that it will take a $1.76 billion impairment charge against the phones division in the second quarter. "

I was asking about the meaning of impairment charge and this is the answer. It is not Sony losing actual money, it is about the value of future cash.