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May 23, 2011

Sony financial troubles: a $4 billion change in earnings estimates for fiscal year

A combination (among other things) of the natural disasters in Japan and the Playstation hack-a-thon have caused Sony to revise their earnings estimates for the 2011 fiscal year ending March 31, 2011. The revision is a dramatic net change of $4~ billion, taking them from profitable to a loss of $3.2 billion.

As I mentioned previously in the superunknown, only time will tell what type of impact these may have on their digital camera business. And we may never really know, since their R&D and planning are not publicly available.

(via Reuters, Sony Rumors, Insider, et al)


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