I’m a Sony fanboy, I won’t lie so the fact that they may post a huge loss makes me a bit sad. The reprocussions of the potential loss across their gaming sector are all speculative at the moment, but with a price drop for the PS3 being rumoured, you can be almost certain there will be cut backs :(

Japan’s Sony Corp will likely suffer an annual operating loss of about $1.1 billion, its first such loss in 14 years, due to sluggish sales and a stronger yen, a person with knowledge of the matter said.

Shares of Sony tumbled 9 percent, slicing $2 billion off its market value to $22 billion, while rival Toshiba Corp dropped more than 8 percent after Japanese media said it too was headed for a big loss this financial year.

Via Reuters

Popularity: 8% [?]