Sony reports $1B annual loss, first in 14 years

Courtesy Newsvine - business  Thu, 05/14/2009 - 01:04

Sony Corp. said it lost 98.9 billion yen ($1 billion) in the fiscal year through March, its first annual net loss in 14 years, and projected it would lose even more money this year amid a slump in consumer demand for electronics goods.


 

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