Sony posts worst loss in 16 years! (via electronista)

I expected a small loss due the recent earthquake disaster but I didn’t expect the loss to be that big! You can download the full report as pdf (Click here). The company lost $3.2 billion in the 12 months! That’s the worst lost in 16 years. There are many reasons for that debacle. Electronista analyzed the results: “Most of the loss came from a $4.4 billion equivalent setting aside of tax assets to address worries about future results. The earthquake in the Tohoku area of Japan will also have cut into its performance through repairs and lost production. Slow TV sales affecting the whole industry, as well as a struggle to keep sales going for the PS3, PSP, and Walkman players, all of which are suffering due to Microsoft’s Xbox 360, Nintendo DSi systems, and both Apple’s iPhones and iPods.”

It’s unclear yet if that result will affect the imaging division (I don’t think so). The good news is that Sony also predicted a big plus for the next fiscal year (+$2.4 billion). So no need to be to much worried yet! I hope the whole Japanese economy canreboot as soon as possible!