Sony Will Post Losses of 1.1 Billion Dollars

For a company that’s been caught up in the global economic poop storm, more bad times are forthcoming. According to sources at the Nikkei business daily, Sony, whose profit estimates for the year were around US$ 2.2 billion, is expected to announce a loss of US$ 1.1 billion.

This news drops in the context of a year of bad news tidbits from the corporation, who lowered their operating profit from 475 billion last October to 200 billion. Also, the lay-off of 16,000 employees now seems inevitable.

News about how this will affect development for the PS3, the PSP, and new systems on the horizon has yet to drop, but we’ll stay tuned for clues that the company is preparing any big changes to compensate for their fiscal woes. Hopefully, we’ll see some new innovations for their current platforms in order for them to stay briskly competitive in the next several quarters. That can only mean good things for us, their adoring fans! Don’t let us down, corporate dudes. Stay tuned for more news as it drops.

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