(adsbygoogle = window.adsbygoogle || []).push({}); Sony has tacked on another $200 million to its projected losses, this brings the total up to $1.2 billion.

GI.Biz is reporting for the fiscal year that ended on March 31, 2014, Sony expected a net loss of $1.27 billion. This was previously projected at a loss of $1.07 billion.

Sony actually predicted profits of $489 million at the end of the last fiscal year, but the sluggish slow sales of the electronics department seems to be a factor in huge losses.

Sony has stated that selling of their VAIO PC line was the reason for the change in projection. Sony’s PC sales were even lower than expected for the fiscal year that ended, which results in the added losses.

A Sony spokesperson issued a statement:

Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony’s Spring PC lineup.

In addition, certain restructuring charges are expected to be recorded ahead of schedule. As a result of these factors, an additional total amount of approximately ¥30 billion in expenses is anticipated to be recorded in the fiscal year ended March 31, 2014.”

Sony has done numerous cost saving measures that included selling property, stocks, and laying off around 5,000 employees.

Sony’s full report will be released on May 14th. You must login or register to view this content.

your a pub football team at best pony ..microsoft are champions league champions...you've not got the money to compete ...you cant afford no players i.e games

wow nintendo doing well ..